Greenfire Resources Ltd. (NYSE:GFR) Shares Acquired by Luxor Capital Group LP

Luxor Capital Group LP lifted its stake in shares of Greenfire Resources Ltd. (NYSE:GFR) by 8.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,948,026 shares of the company’s stock after buying an additional 159,900 shares during the quarter. Greenfire Resources accounts for approximately 0.9% of Luxor Capital Group LP’s holdings, making the stock its 13th largest holding. Luxor Capital Group LP owned about 2.84% of Greenfire Resources worth $13,149,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GFR. K2 Principal Fund L.P. increased its position in shares of Greenfire Resources by 146.3% during the second quarter. K2 Principal Fund L.P. now owns 50,003 shares of the company’s stock worth $338,000 after acquiring an additional 29,700 shares during the last quarter. Scotia Capital Inc. purchased a new stake in Greenfire Resources during the 4th quarter worth approximately $222,000. Sona Asset Management US LLC raised its position in shares of Greenfire Resources by 1.1% in the 1st quarter. Sona Asset Management US LLC now owns 5,019,641 shares of the company’s stock valued at $29,992,000 after purchasing an additional 53,539 shares in the last quarter. Perritt Capital Management Inc acquired a new position in shares of Greenfire Resources in the 2nd quarter valued at approximately $384,000. Finally, Renaissance Technologies LLC purchased a new position in shares of Greenfire Resources during the 2nd quarter valued at approximately $491,000. 88.89% of the stock is owned by institutional investors and hedge funds.

Greenfire Resources Price Performance

NYSE:GFR opened at $7.45 on Friday. The stock has a 50-day simple moving average of $7.05 and a 200 day simple moving average of $6.48. Greenfire Resources Ltd. has a one year low of $4.68 and a one year high of $8.03. The company has a current ratio of 0.77, a quick ratio of 0.72 and a debt-to-equity ratio of 0.41.

Greenfire Resources (NYSE:GFR) last issued its quarterly earnings results on Wednesday, August 14th. The company reported $0.31 earnings per share for the quarter. The firm had revenue of $160.39 million during the quarter.

Analysts Set New Price Targets

Separately, BMO Capital Markets started coverage on shares of Greenfire Resources in a report on Thursday, June 13th. They issued an “outperform” rating and a $10.50 price target on the stock.

About Greenfire Resources

Greenfire Resources Ltd., together with its subsidiaries, engages in the development, exploration, and operation of oil and gas properties in the Athabasca oil sands region of Alberta. The company operates the Tier-1 oil sands assets located in Western Canada. It utilizes steam-assisted gravity drainage (SAGD) extraction technology, a situ thermal oil recovery process to recover diluted and non- diluted bitumen.