Enerflex Ltd. (NYSE:EFXT) Shares Bought by Canoe Financial LP

Canoe Financial LP lifted its stake in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 10.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,276,972 shares of the company's stock after acquiring an additional 768,210 shares during the period. Canoe Financial LP owned 6.67% of Enerflex worth $82,342,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Acadian Asset Management LLC raised its position in shares of Enerflex by 17,674.4% in the 2nd quarter. Acadian Asset Management LLC now owns 15,286 shares of the company's stock worth $81,000 after buying an additional 15,200 shares during the period. Dimensional Fund Advisors LP acquired a new stake in Enerflex during the second quarter worth about $609,000. 1832 Asset Management L.P. raised its holdings in shares of Enerflex by 16.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 10,336,900 shares of the company's stock worth $55,819,000 after purchasing an additional 1,435,900 shares during the period. Marshall Wace LLP lifted its stake in shares of Enerflex by 183.4% in the 2nd quarter. Marshall Wace LLP now owns 218,505 shares of the company's stock valued at $1,180,000 after purchasing an additional 141,393 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Enerflex by 4.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 179,088 shares of the company's stock worth $965,000 after purchasing an additional 7,700 shares during the period. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Stock Up 1.6 %

NYSE:EFXT traded up $0.16 during mid-day trading on Friday, hitting $10.43. The company had a trading volume of 292,416 shares, compared to its average volume of 403,970. The business has a fifty day simple moving average of $9.46 and a 200-day simple moving average of $7.16. Enerflex Ltd. has a 1 year low of $4.59 and a 1 year high of $10.52. The company has a current ratio of 1.19, a quick ratio of 0.88 and a debt-to-equity ratio of 0.79.

Enerflex Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, November 26th were issued a dividend of $0.0268 per share. This is an increase from Enerflex's previous quarterly dividend of $0.02. This represents a $0.11 annualized dividend and a dividend yield of 1.03%. The ex-dividend date was Tuesday, November 26th. Enerflex's dividend payout ratio (DPR) is presently -19.05%.

Analyst Ratings Changes

Separately, Royal Bank of Canada lifted their price target on shares of Enerflex from $9.00 to $12.00 and gave the company an "outperform" rating in a research report on Friday, November 15th.

Enerflex Company Profile

Enerflex Ltd. offers energy infrastructure and energy transition solutions to natural gas markets in North America, Latin America, and the Eastern Hemisphere. The company provides natural gas compression infrastructure, processing, and treated water infrastructure under contract to oil and natural gas customers; power generation rental solutions; custom and standard compression packages for reciprocating and screw compressor applications; re-engineering, re-configuration, and re-packaging of compressors for various field applications; integrated turnkey power generation, gas compression, processing facilities, natural gas compression, processing, and electric power solutions; after-market mechanical services and parts distribution, as well as maintenance solutions to the oil and natural gas industry, operations, and overhaul services; and equipment supply, parts supply, and general asset management.