Congress Asset Management Co. Has $381,000 Stake in ChampionX Co. (NASDAQ:CHX)

Congress Asset Management Co. lowered its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 95.2% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,776 shares of the company's stock after selling 255,481 shares during the quarter. Congress Asset Management Co.'s holdings in ChampionX were worth $381,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of ChampionX by 153.2% during the fourth 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. Venturi Wealth Management LLC lifted its holdings in shares of ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after purchasing an additional 1,725 shares during the last quarter. Vestcor Inc lifted its holdings in shares of ChampionX by 71.6% during the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock valued at $137,000 after purchasing an additional 2,100 shares during the last quarter. Parallel Advisors LLC lifted its holdings in shares of ChampionX by 27.5% during the first quarter. Parallel Advisors LLC now owns 4,672 shares of the company's stock valued at $139,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of ChampionX by 82,557.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock valued at $157,000 after purchasing an additional 5,779 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

ChampionX Stock Up 1.9%

ChampionX stock traded up $0.49 during mid-day trading on Friday, hitting $26.67. The company's stock had a trading volume of 3,453,101 shares, compared to its average volume of 2,767,628. The firm's 50 day moving average is $24.85 and its 200 day moving average is $27.48. The company has a market cap of $5.11 billion, a PE ratio of 16.16 and a beta of 1.51. 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 Co. has a 52-week low of $21.92 and a 52-week high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings data 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. The firm had revenue of $864.46 million during the quarter, compared to the consensus estimate of $900.59 million. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The business's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. On average, analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The company 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 $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.42%. The ex-dividend date is Thursday, July 3rd. ChampionX's payout ratio is currently 25.17%.

Analyst Ratings Changes

Separately, Stifel Nicolaus increased their price objective on ChampionX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, May 5th.

ChampionX 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.