ProShare Advisors LLC grew its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 37.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,365 shares of the company's stock after buying an additional 18,898 shares during the quarter. ProShare Advisors LLC's holdings in ChampionX were worth $1,886,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Arizona State Retirement System lifted its holdings in ChampionX by 0.8% during the 4th quarter. Arizona State Retirement System now owns 55,268 shares of the company's stock worth $1,503,000 after buying an additional 436 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of ChampionX by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company's stock valued at $772,000 after purchasing an additional 532 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of ChampionX by 153.2% in the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after purchasing an additional 559 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted its holdings in shares of ChampionX by 4.8% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 15,150 shares of the company's stock valued at $412,000 after purchasing an additional 700 shares during the last quarter. Finally, Ethic Inc. lifted its holdings in shares of ChampionX by 6.4% in the 4th quarter. Ethic Inc. now owns 13,938 shares of the company's stock valued at $379,000 after purchasing an additional 833 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.
ChampionX Stock Performance
Shares of CHX stock opened at $25.15 on Wednesday. The stock has a market capitalization of $4.81 billion, a PE ratio of 15.24 and a beta of 1.52. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $35.94. The stock's 50-day moving average price is $26.27 and its 200 day moving average price is $28.15. 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 (NASDAQ:CHX - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) 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 company had revenue of $864.46 million for the quarter, compared to analysts' expectations of $900.59 million. During the same quarter in the previous year, the firm posted $0.50 EPS. The firm's quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities research analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.
ChampionX Dividend Announcement
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 1.51%. The ex-dividend date is Thursday, July 3rd. ChampionX's payout ratio is 25.17%.
Wall Street Analysts Forecast Growth
Separately, Stifel Nicolaus boosted their target price on ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Monday, May 5th.
Check Out Our Latest Stock Report on ChampionX
ChampionX Profile
(
Free Report)
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.
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