Russell Investments Group Ltd. Decreases Position in Enerflex Ltd. (NYSE:EFXT)

Russell Investments Group Ltd. lessened its position in shares of Enerflex Ltd. (NYSE:EFXT - Free Report) by 41.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 56,123 shares of the company's stock after selling 39,691 shares during the quarter. Russell Investments Group Ltd.'s holdings in Enerflex were worth $558,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in EFXT. Geode Capital Management LLC raised its position in Enerflex by 4.6% in the fourth quarter. Geode Capital Management LLC now owns 63,885 shares of the company's stock valued at $642,000 after purchasing an additional 2,828 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of Enerflex by 54.6% during the fourth quarter. Pictet Asset Management Holding SA now owns 25,102 shares of the company's stock worth $250,000 after purchasing an additional 8,870 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in Enerflex in the third quarter valued at $65,000. Quantbot Technologies LP acquired a new position in Enerflex in the fourth quarter valued at $127,000. Finally, ExodusPoint Capital Management LP acquired a new position in Enerflex in the fourth quarter valued at $185,000. Hedge funds and other institutional investors own 46.47% of the company's stock.

Enerflex Price Performance

Shares of EFXT traded up $0.14 during mid-day trading on Tuesday, hitting $6.67. The company's stock had a trading volume of 330,066 shares, compared to its average volume of 277,944. 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 Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The firm has a market capitalization of $827.46 million, a P/E ratio of -10.58 and a beta of 1.95. The firm has a 50-day simple moving average of $7.26 and a 200 day simple moving average of $8.33.

Enerflex Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were paid a $0.026 dividend. The ex-dividend date was Monday, March 10th. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.56%. Enerflex's dividend payout ratio (DPR) is presently 40.00%.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their target price on shares of Enerflex from $14.00 to $12.00 and set an "outperform" rating for the company in a report 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.