Maven Securities LTD Buys Shares of 148,906 ChampionX Co. (NASDAQ:CHX)

Maven Securities LTD acquired a new position in ChampionX Co. (NASDAQ:CHX - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 148,906 shares of the company's stock, valued at approximately $4,049,000. Maven Securities LTD owned 0.08% of ChampionX as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of ChampionX by 123.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after purchasing an additional 136,132 shares in the last quarter. Van ECK Associates Corp grew its position in ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after purchasing an additional 9,056 shares in the last quarter. Schroder Investment Management Group acquired a new position in ChampionX in the 4th quarter valued at approximately $472,000. Yakira Capital Management Inc. lifted its position in ChampionX by 29.9% in the 4th quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock worth $5,935,000 after buying an additional 50,300 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of ChampionX during the 4th quarter valued at $12,080,000. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Stock Down 0.1%

Shares of CHX traded down $0.02 during midday trading on Friday, reaching $25.98. 2,173,498 shares of the stock were exchanged, compared to its average volume of 2,669,724. The company has a market cap of $4.97 billion, a price-to-earnings ratio of 15.75 and a beta of 1.52. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12-month low of $21.92 and a 12-month high of $35.94. The firm has a 50 day simple moving average of $26.40 and a 200-day simple moving average of $28.19.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.09. The firm had revenue of $864.46 million for the quarter, compared to analyst estimates of $900.59 million. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The company's revenue for the quarter was down 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.50 earnings per share. Research analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's payout ratio is 25.17%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus boosted their price target on shares of ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Monday, May 5th.

ChampionX Company Profile

ChampionX Corporation provides chemistry solutions, artificial lift systems, and engineered equipment and technologies to oil and gas companies worldwide. The company operates through four segments: Production Chemical Technologies, Production & Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.