GTS Securities LLC Purchases New Stake in ChampionX Co. (NASDAQ:CHX)

GTS Securities LLC bought a new position in ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,693 shares of the company's stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CHX. Snowden Capital Advisors LLC grew its position in ChampionX by 3.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,199 shares of the company's stock valued at $332,000 after buying an additional 419 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of ChampionX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 55,268 shares of the company's stock worth $1,503,000 after acquiring an additional 436 shares during the period. Pacer Advisors Inc. lifted its stake in shares of ChampionX by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company's stock worth $772,000 after acquiring an additional 532 shares during the period. Jones Financial Companies Lllp boosted its holdings in shares of ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after acquiring an additional 559 shares in the last quarter. Finally, Hudson Edge Investment Partners Inc. increased its stake in shares of ChampionX by 4.8% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,150 shares of the company's stock valued at $412,000 after acquiring an additional 700 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Trading Up 2.0%

Shares of ChampionX stock traded up $0.49 on Tuesday, reaching $24.75. 495,481 shares of the company were exchanged, compared to its average volume of 2,732,166. ChampionX Co. has a fifty-two week low of $21.92 and a fifty-two week high of $35.94. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 15.00 and a beta of 1.52. 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 has a fifty day moving average price of $25.32 and a 200-day moving average price of $27.75.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its earnings results on Tuesday, April 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.41 by $0.09. The company had revenue of $864.46 million during the quarter, compared to analysts' expectations 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 last year, the company posted $0.50 earnings per share. On average, analysts expect that ChampionX Co. 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 $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's dividend payout ratio is 25.17%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price objective on ChampionX from $39.00 to $40.00 and gave the company 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.