Enerflex Ltd. (NYSE:EFXT) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 41.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 56,123 shares of the company's stock after selling 39,691 shares during the period. Russell Investments Group Ltd.'s holdings in Enerflex were worth $558,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of EFXT. B. Riley Wealth Advisors Inc. acquired a new position in shares of Enerflex in the third quarter worth $65,000. Quantbot Technologies LP purchased a new position in Enerflex in the 4th quarter valued at about $127,000. Barclays PLC lifted its holdings in Enerflex by 2,616,800.0% in the 3rd quarter. Barclays PLC now owns 26,169 shares of the company's stock valued at $156,000 after purchasing an additional 26,168 shares in the last quarter. ExodusPoint Capital Management LP purchased a new stake in shares of Enerflex during the fourth quarter worth about $185,000. Finally, Pictet Asset Management Holding SA raised its position in shares of Enerflex by 54.6% in the fourth quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company's stock valued at $250,000 after buying an additional 8,870 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Enerflex Stock Down 0.6 %

Shares of NYSE EFXT opened at $6.43 on Thursday. The stock has a market capitalization of $798.28 million, a PE ratio of -10.21 and a beta of 1.95. The company has a quick ratio of 0.88, a current ratio of 1.19 and a debt-to-equity ratio of 0.79. The firm has a fifty day moving average of $7.46 and a 200-day moving average of $8.32. Enerflex Ltd. has a 52-week low of $4.60 and a 52-week high of $10.61.

Enerflex Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a dividend of $0.026 per share. This represents a $0.10 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date was Monday, March 10th. Enerflex's dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada decreased their price target on Enerflex from $14.00 to $12.00 and set an "outperform" rating on the stock in a research note on Thursday, April 17th.

Enerflex 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.

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