FNY Investment Advisers LLC Invests $745,000 in ChampionX Co. (NASDAQ:CHX)

FNY Investment Advisers LLC purchased a new position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 25,000 shares of the company's stock, valued at approximately $745,000.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in shares of ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after purchasing an additional 559 shares during the last quarter. Venturi Wealth Management LLC grew its stake in ChampionX by 1,051.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after buying an additional 1,725 shares in the last quarter. UMB Bank n.a. grew its stake in ChampionX by 45.5% in the 1st quarter. UMB Bank n.a. now owns 3,097 shares of the company's stock valued at $92,000 after buying an additional 969 shares in the last quarter. Vestcor Inc grew its stake in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock valued at $137,000 after buying an additional 2,100 shares in the last quarter. Finally, Parallel Advisors LLC grew its stake in ChampionX by 27.5% in the 1st quarter. Parallel Advisors LLC now owns 4,672 shares of the company's stock valued at $139,000 after buying an additional 1,007 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

ChampionX Stock Up 1.9%

CHX opened at $26.67 on Monday. The company has a fifty day moving average price of $24.94 and a 200-day moving average price of $27.40. The firm has a market capitalization of $5.11 billion, a P/E 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 one year low of $21.92 and a one year high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 EPS for the quarter, beating 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 net margin of 8.81% and a return on equity of 19.84%. The business's revenue for the quarter was down 6.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.50 EPS. Equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date is Thursday, July 3rd. ChampionX's dividend payout ratio is currently 25.17%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lifted their price objective 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.

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.

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