Geode Capital Management LLC Buys 2,828 Shares of Enerflex Ltd. (NYSE:EFXT)

Geode Capital Management LLC grew its position in shares of Enerflex Ltd. (NYSE:EFXT) by 4.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,885 shares of the company’s stock after acquiring an additional 2,828 shares during the quarter. Geode Capital Management LLC owned about 0.05% of Enerflex worth $642,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Barclays PLC raised its position 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 buying an additional 26,168 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Enerflex in the third quarter valued at $65,000. JPMorgan Chase & Co. boosted its position in Enerflex by 55.9% during the third quarter. JPMorgan Chase & Co. now owns 77,749 shares of the company’s stock worth $463,000 after purchasing an additional 27,878 shares during the period. Canoe Financial LP boosted its holdings in Enerflex by 10.2% in the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock worth $82,342,000 after buying an additional 768,210 shares during the period. Finally, CIBC Asset Management Inc bought a new stake in Enerflex during the 4th quarter valued at $1,364,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Enerflex from $14.00 to $12.00 and set an “outperform” rating on the stock in a report on Thursday, April 17th.

Enerflex Price Performance

Shares of NYSE:EFXT opened at $6.76 on Friday. The firm has a market capitalization of $839.25 million, a price-to-earnings ratio of -10.73 and a beta of 1.95. 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 one year low of $4.60 and a one year high of $10.61. The company’s fifty day moving average price is $7.13 and its 200-day moving average price is $8.32.

Enerflex Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were given a dividend of $0.026 per share. The ex-dividend date was Monday, March 10th. This represents a $0.10 annualized dividend and a dividend yield of 1.54%. Enerflex’s dividend payout ratio (DPR) is presently 40.00%.

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.