PCJ Investment Counsel Ltd. Sells 270,140 Shares of Enerflex Ltd. (NYSE:EFXT)

PCJ Investment Counsel Ltd. trimmed its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 21.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 967,610 shares of the company's stock after selling 270,140 shares during the period. Enerflex makes up approximately 3.2% of PCJ Investment Counsel Ltd.'s holdings, making the stock its 6th largest holding. PCJ Investment Counsel Ltd. owned approximately 0.78% of Enerflex worth $9,620,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. B. Riley Wealth Advisors Inc. acquired a new stake in Enerflex during the third quarter valued at approximately $65,000. West Tower Group LLC acquired a new stake in Enerflex during the third quarter valued at approximately $119,000. Barclays PLC boosted its holdings in Enerflex by 2,616,800.0% during the third 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. Versor Investments LP acquired a new position in shares of Enerflex in the 4th quarter worth approximately $262,000. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Enerflex in the 3rd quarter worth approximately $344,000. 46.47% of the stock is currently owned by institutional investors.

Enerflex Price Performance

Shares of EFXT traded up $0.14 on Wednesday, hitting $7.35. The company's stock had a trading volume of 222,971 shares, compared to its average volume of 463,490. The company has a market capitalization of $911.95 million, a PE ratio of -11.66 and a beta of 2.12. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.19 and a quick ratio of 0.88. Enerflex Ltd. has a fifty-two week low of $4.59 and a fifty-two week high of $10.61. The company has a 50 day moving average price of $9.28 and a 200 day moving average price of $8.06.

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Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.026 per share. This represents a $0.10 annualized dividend and a yield of 1.42%. The ex-dividend date is Monday, March 10th. Enerflex's dividend payout ratio is 40.00%.

Analysts Set New Price Targets

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

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.