ChampionX Corporation (NASDAQ:CHX) Shares Bought by GAMMA Investing LLC

GAMMA Investing LLC lifted its position in shares of ChampionX Corporation (NASDAQ:CHX - Free Report) by 2,693.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,724 shares of the company's stock after acquiring an additional 29,624 shares during the quarter. GAMMA Investing LLC's holdings in ChampionX were worth $916,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CHX. Jones Financial Companies Lllp increased 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 in the last quarter. Venturi Wealth Management LLC grew its position in ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after buying an additional 1,725 shares during the period. Vestcor Inc increased its holdings in ChampionX by 71.6% in the fourth 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. Brown Brothers Harriman & Co. lifted its position in shares of ChampionX by 82,557.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock valued at $157,000 after acquiring an additional 5,779 shares during the period. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of ChampionX during the 4th quarter worth approximately $205,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

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 research report on Monday, May 5th.

ChampionX Price Performance

Shares of NASDAQ CHX traded down $0.07 on Friday, hitting $26.27. The company's stock had a trading volume of 1,822,391 shares, compared to its average volume of 2,765,401. The stock has a 50 day moving average of $25.12 and a 200-day moving average of $27.33. The company has a market capitalization of $5.03 billion, a price-to-earnings ratio of 17.39, a price-to-earnings-growth ratio of 5.14 and a beta of 1.51. ChampionX Corporation has a 12-month low of $21.92 and a 12-month high of $35.94. The company has a debt-to-equity ratio of 0.31, a current ratio of 2.25 and a quick ratio of 1.62.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 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 analysts' expectations of $900.59 million. ChampionX had a return on equity of 19.25% and a net margin of 8.20%. The firm's quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.50 EPS. As a group, research analysts predict that ChampionX Corporation will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

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 paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.45%. The ex-dividend date is Thursday, July 3rd. ChampionX's payout ratio is 25.17%.

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.