Enerflex Ltd. (NYSE:EFXT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its position in Enerflex Ltd. (NYSE:EFXT - Free Report) by 55.9% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 77,749 shares of the company's stock after purchasing an additional 27,878 shares during the period. JPMorgan Chase & Co. owned 0.06% of Enerflex worth $463,000 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 the company. The Manufacturers Life Insurance Company boosted its stake in Enerflex by 3.3% in the third quarter. The Manufacturers Life Insurance Company now owns 184,952 shares of the company's stock valued at $1,103,000 after acquiring an additional 5,864 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Enerflex by 11.2% in the 3rd quarter. Geode Capital Management LLC now owns 61,057 shares of the company's stock worth $364,000 after purchasing an additional 6,158 shares during the last quarter. Avidian Wealth Enterprises LLC boosted its position in Enerflex by 15.0% during the 3rd quarter. Avidian Wealth Enterprises LLC now owns 76,413 shares of the company's stock valued at $455,000 after purchasing an additional 9,975 shares during the period. B. Riley Wealth Advisors Inc. bought a new position in Enerflex during the 3rd quarter worth $65,000. Finally, West Tower Group LLC acquired a new stake in Enerflex in the third quarter worth $119,000. 46.47% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Enerflex Stock Performance

EFXT stock traded down $0.25 on Friday, reaching $9.47. The company's stock had a trading volume of 252,896 shares, compared to its average volume of 412,806. The firm has a fifty day moving average of $9.78 and a two-hundred day moving average of $7.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. The company has a market capitalization of $1.17 billion, a P/E ratio of -15.02 and a beta of 2.04. Enerflex Ltd. has a 52 week low of $4.59 and a 52 week high of $10.61.

Enerflex Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, November 26th were paid a dividend of $0.0268 per share. This is a boost from Enerflex's previous quarterly dividend of $0.02. This represents a $0.11 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Tuesday, November 26th. Enerflex's payout ratio is currently -19.05%.

About Enerflex

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.