BNP Paribas Financial Markets Purchases Shares of 55,238 ChampionX Co. (NASDAQ:CHX)

BNP Paribas Financial Markets purchased a new stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,238 shares of the company's stock, valued at approximately $1,502,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock valued at $6,693,000 after purchasing an additional 136,132 shares during the last quarter. Van ECK Associates Corp lifted its stake in shares of ChampionX by 0.3% in the 4th 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 during the last quarter. Schroder Investment Management Group bought a new stake in shares of ChampionX in the 4th quarter valued at approximately $472,000. Yakira Capital Management Inc. lifted its stake in shares of ChampionX by 29.9% in the 4th quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock valued at $5,935,000 after purchasing an additional 50,300 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ChampionX in the 4th quarter valued at approximately $12,080,000. 98.99% of the stock is owned by institutional investors.

ChampionX Trading Down 0.1%

Shares of CHX stock traded down $0.02 on Friday, reaching $24.48. 3,558,468 shares of the company's stock were exchanged, compared to its average volume of 2,712,307. ChampionX Co. has a 52 week low of $21.92 and a 52 week high of $35.94. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.69 billion, a PE ratio of 14.84 and a beta of 1.52. The company's fifty day simple moving average is $25.97 and its 200 day simple moving average is $28.05.

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

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a $0.095 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.55%. ChampionX's dividend payout ratio is presently 25.17%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus raised their price objective on ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a research note 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.