Pictet Asset Management Holding SA Has $250,000 Stock Holdings in Enerflex Ltd. (NYSE:EFXT)

Pictet Asset Management Holding SA grew its position in shares of Enerflex Ltd. (NYSE:EFXT) by 54.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,102 shares of the company’s stock after acquiring an additional 8,870 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Enerflex were worth $250,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Enerflex by 2,616,800.0% in the third quarter. Barclays PLC now owns 26,169 shares of the company’s stock valued at $156,000 after acquiring an additional 26,168 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Enerflex in the third quarter valued at approximately $344,000. JPMorgan Chase & Co. increased its position in shares of Enerflex by 55.9% during the 3rd 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 last quarter. Canoe Financial LP raised its stake in shares of Enerflex by 10.2% during the 4th quarter. Canoe Financial LP now owns 8,276,972 shares of the company’s stock worth $82,342,000 after purchasing an additional 768,210 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Enerflex in the 4th quarter valued at approximately $43,935,000. 46.47% of the stock is owned by institutional investors.

Enerflex Price Performance

NYSE:EFXT opened at $6.42 on Friday. The stock has a market capitalization of $796.38 million, a PE ratio of -10.18 and a beta of 1.95. Enerflex Ltd. has a 1-year low of $4.60 and a 1-year high of $10.61. The firm has a fifty day simple moving average of $7.97 and a 200 day simple moving average of $8.31. 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 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 $0.026 dividend. This represents a $0.10 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, March 10th. Enerflex’s dividend payout ratio (DPR) is presently 40.00%.

Enerflex Company 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.