Deutsche Bank AG Buys 49,210 Shares of ChampionX Co. (NASDAQ:CHX)

Deutsche Bank AG lifted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 39.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 172,642 shares of the company's stock after purchasing an additional 49,210 shares during the quarter. Deutsche Bank AG owned about 0.09% of ChampionX worth $4,694,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Jones Financial Companies Lllp boosted its position 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 in the last quarter. Venturi Wealth Management LLC boosted its holdings in ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after acquiring an additional 1,725 shares in the last quarter. R Squared Ltd bought a new stake in ChampionX in the fourth quarter worth $103,000. Vestcor Inc boosted its holdings in ChampionX by 71.6% in the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after acquiring an additional 2,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in ChampionX by 82,557.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock worth $157,000 after acquiring an additional 5,779 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

ChampionX Stock Down 0.1%

ChampionX stock traded down $0.02 during mid-day trading on Friday, hitting $24.48. The company had a trading volume of 3,558,468 shares, compared to its average volume of 2,712,307. 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's 50 day moving average price is $25.97 and its two-hundred day moving average price is $28.03. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $35.94. The company has a market capitalization of $4.69 billion, a PE ratio of 14.84 and a beta of 1.52.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.09. The firm had revenue of $864.46 million for 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 company's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.50 earnings per share. As a group, sell-side analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's dividend payout ratio (DPR) is presently 25.17%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus boosted their target price on ChampionX from $39.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, May 5th.

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.