1 week Ago By ABMN Staff
Arrowstreet Capital Limited Partnership purchased a new position in shares of Granite Ridge Resources, Inc. ( NYSE:GRNT – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 134,669 shares of the company’s stock, valued at approximately $870,000.
A number of other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Granite Ridge Resources by 50.
1% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 424,593 shares of the company’s stock worth $2,522,000 after purchasing an additional 141,634 shares during the period.
Barclays PLC lifted its position in Granite Ridge Resources by 306.9% during the third quarter. Barclays PLC now owns 81,092 shares of the company’s stock valued at $482,000 after buying an additional 61,162 shares in the last quarter.
Geode Capital Management LLC grew its stake 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.
Janus Henderson Group PLC increased its position in shares of Granite Ridge Resources by 40.0% in the third quarter. Janus Henderson Group PLC now owns 76,549 shares of the company’s stock worth $455,000 after acquiring an additional 21,852 shares in the last quarter.
Finally, Grey Rock Energy Management LLC purchased a new position in shares of Granite Ridge Resources in the 4th quarter valued at $357,018,000. 31.56% of the stock is currently owned by hedge funds and other institutional investors.
Granite Ridge Resources Stock Performance Shares of GRNT stock opened at $4.88 on Friday. The company has a debt-to-equity ratio of 0.
30, a current ratio of 1.56 and a quick ratio of 1.56.
The company’s fifty day moving average price is $5.81 and its two-hundred day moving average price is $6.12.
The firm has a market capitalization of $637.71 million, a P/E ratio of 13.54, a P/E/G ratio of 1.
29 and a beta of 0.20. Granite Ridge Resources, Inc.
has a 12 month low of $4.52 and a 12 month high of $7.10.
Granite Ridge Resources Dividend Announcement Analysts Set New Price Targets GRNT has been the subject of a number of research reports. Capital One Financial cut shares of Granite Ridge Resources from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 21st. Stephens reiterated an “overweight” rating and issued a $8.
00 target price on shares of Granite Ridge Resources in a research note on Friday, March 7th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $7.
70. Check Out Our Latest Stock Report on Granite Ridge Resources Granite 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. Further Reading Want to see what other hedge funds are holding GRNT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Granite Ridge Resources, Inc.
( NYSE:GRNT – Free Report ). Receive News & Ratings for Granite Ridge Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Granite Ridge Resources and related companies with MarketBeat.com's FREE daily email newsletter .
.
