155,916 Shares in ChampionX Co. (NASDAQ:CHX) Bought by Bardin Hill Management Partners LP

Bardin Hill Management Partners LP purchased a new position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 155,916 shares of the company's stock, valued at approximately $4,239,000. ChampionX makes up 2.0% of Bardin Hill Management Partners LP's holdings, making the stock its 11th largest holding. Bardin Hill Management Partners LP owned 0.08% of ChampionX at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of ChampionX by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock valued at $542,830,000 after buying an additional 227,627 shares during the period. Westchester Capital Management LLC raised its holdings in ChampionX by 14.7% in the 4th quarter. Westchester Capital Management LLC now owns 3,243,134 shares of the company's stock valued at $88,181,000 after acquiring an additional 414,995 shares during the last quarter. Northern Trust Corp lifted its stake in shares of ChampionX by 10.9% during the 4th quarter. Northern Trust Corp now owns 2,917,978 shares of the company's stock worth $79,340,000 after purchasing an additional 286,853 shares during the period. AQR Arbitrage LLC boosted its holdings in shares of ChampionX by 7.4% during the fourth quarter. AQR Arbitrage LLC now owns 2,808,543 shares of the company's stock worth $75,859,000 after purchasing an additional 194,219 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of ChampionX in the fourth quarter valued at $74,032,000. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Trading Down 0.3 %

CHX stock traded down $0.07 on Wednesday, hitting $24.29. 3,849,076 shares of the company were exchanged, compared to its average volume of 2,634,153. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.72 and a beta of 1.52. The business's fifty day moving average is $26.91 and its two-hundred day moving average is $28.38. ChampionX Co. has a twelve month low of $21.92 and a twelve month high of $35.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

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

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Friday, April 4th. ChampionX's payout ratio is currently 25.17%.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their target price on ChampionX from $39.00 to $40.00 and gave the stock a "buy" rating in a research report on Monday.

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.