1 day Ago By Defense World Staff
Arrowstreet Capital Limited Partnership acquired a new stake in Granite Ridge Resources, Inc. (NYSE:GRNT – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 134,669 shares of the company’s stock, valued at approximately $870,000.
Arrowstreet Capital Limited Partnership owned 0.10% of Granite Ridge Resources as of its most recent filing with the Securities and Exchange Commission. A number of other large investors also recently bought and sold shares of GRNT.
Grey Rock Energy Management LLC acquired a new stake in Granite Ridge Resources in the fourth quarter valued at $357,018,000. Spider Management Company LLC lifted its stake in shares of Granite Ridge Resources by 21.4% in the fourth quarter.
Spider Management Company LLC now owns 4,951,533 shares of the company’s stock valued at $31,987,000 after purchasing an additional 872,282 shares during the period. Vanguard Group Inc. boosted its holdings in Granite Ridge Resources by 11.
0% during the fourth quarter. Vanguard Group Inc. now owns 4,234,276 shares of the company’s stock worth $27,353,000 after buying an additional 418,059 shares in the last quarter.
Geode Capital Management LLC grew its position in Granite Ridge Resources by 35.1% during the third quarter. Geode Capital Management LLC now owns 1,221,579 shares of the company’s stock worth $7,258,000 after buying an additional 317,303 shares during the period.
Finally, American Century Companies Inc. increased its holdings in Granite Ridge Resources by 16.0% in the fourth quarter.
American Century Companies Inc. now owns 2,056,078 shares of the company’s stock valued at $13,282,000 after buying an additional 282,912 shares in the last quarter. Hedge funds and other institutional investors own 31.
56% of the company’s stock. Granite Ridge Resources Price PerformanceShares of NYSE:GRNT opened at $4.88 on Friday.
The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.56 and a current ratio of 1.
56. The business’s fifty day moving average price is $5.81 and its two-hundred day moving average price is $6.
12. The stock has a market cap of $637.71 million, a PE ratio of 13.
54, a price-to-earnings-growth ratio of 1.29 and a beta of 0.20.
Granite Ridge Resources, Inc. has a one year low of $4.52 and a one year high of $7.
10. Granite Ridge Resources Announces DividendThe business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were paid a dividend of $0.
11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 9.
03%. The ex-dividend date was Friday, February 28th. Granite Ridge Resources’s payout ratio is currently 314.
29%. Analyst Upgrades and DowngradesA number of research firms recently weighed in on GRNT. Stephens restated an “overweight” rating and issued a $8.
00 price target on shares of Granite Ridge Resources in a report on Friday, March 7th. Capital One Financial lowered Granite Ridge Resources from an “overweight” rating to an “equal weight” rating in a report on Friday, February 21st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock.
According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $7.70.
View Our Latest Analysis on Granite Ridge ResourcesGranite Ridge Resources Profile (Free Report)Granite Ridge Resources, Inc operates as a non-operated oil and gas exploration and production company. It owns a portfolio of wells and acreage across the Permian and other unconventional basins in the United States. Granite Ridge Resources, Inc is based in Dallas, Texas.
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