ChampionX (NASDAQ:CHX) Shares Unloaded Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (D-California) recently sold shares of ChampionX Co. (NASDAQ:CHX). In a filing disclosed on May 06th, the Representative disclosed that they had sold between $1,001 and $15,000 in ChampionX stock on April 9th. The trade occurred in the Representative's "150 MAIN STREET TRUST > BANK OF AMERICA" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Beiersdorf Aktiengesellschaft OTCMKTS: BDRFF on 5/2/2025.
• Purchased $1,001 - $15,000 in shares of Alkami Technology NASDAQ: ALKT on 4/30/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DXC Technology NYSE: DXC on 4/29/2025.
• Sold $1,001 - $15,000 in shares of DOW NYSE: DOW on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Zions Bancorporation, National Association NASDAQ: ZION on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of O'Reilly Automotive NASDAQ: ORLY on 4/29/2025.
• Purchased $1,001 - $15,000 in shares of McKesson NYSE: MCK on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Humana NYSE: HUM on 4/29/2025.

ChampionX Trading Up 1.4%

Shares of ChampionX stock traded up $0.36 during trading on Tuesday, reaching $26.42. 1,344,793 shares of the stock were exchanged, compared to its average volume of 2,640,147. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average is $26.63 and its 200 day moving average is $28.25. The firm has a market cap of $5.06 billion, a price-to-earnings ratio of 16.01 and a beta of 1.52. ChampionX Co. has a 1 year low of $21.92 and a 1 year high of $35.94.

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

ChampionX Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.38 annualized dividend and a yield of 1.44%. ChampionX's payout ratio is 25.17%.

Institutional Investors Weigh In On ChampionX

Hedge funds and other institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in shares of ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after purchasing an additional 212,654 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in ChampionX by 3.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company's stock worth $3,559,000 after buying an additional 3,931 shares during the period. Park Avenue Securities LLC lifted its holdings in ChampionX by 7.6% during the fourth quarter. Park Avenue Securities LLC now owns 28,846 shares of the company's stock worth $784,000 after buying an additional 2,031 shares during the period. Nisa Investment Advisors LLC lifted its holdings in shares of ChampionX by 899.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company's stock valued at $5,740,000 after purchasing an additional 189,977 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of ChampionX by 42.3% during the 4th quarter. KBC Group NV now owns 8,289 shares of the company's stock valued at $225,000 after purchasing an additional 2,462 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

About ChampionX

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.