Harbor Capital Advisors Inc. Buys 13,068 Shares of ChampionX Co. (NASDAQ:CHX)

Harbor Capital Advisors Inc. increased its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 10.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 143,957 shares of the company's stock after acquiring an additional 13,068 shares during the period. Harbor Capital Advisors Inc. owned about 0.08% of ChampionX worth $4,290,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp increased its position in ChampionX by 153.2% during 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 during the period. Venturi Wealth Management LLC boosted its stake in shares of ChampionX by 1,051.8% during the 4th 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 in the last quarter. UMB Bank n.a. increased its position in shares of ChampionX by 45.5% during the first 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 during the period. Vestcor Inc raised its stake 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 buying an additional 2,100 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in ChampionX by 27.5% in the first quarter. Parallel Advisors LLC now owns 4,672 shares of the company's stock worth $139,000 after buying an additional 1,007 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Up 1.9%

Shares of ChampionX stock traded up $0.49 during midday trading on Friday, hitting $26.67. The company had a trading volume of 3,453,101 shares, compared to its average volume of 2,763,917. The company has a 50 day moving average of $24.94 and a 200 day moving average of $27.45. The stock has a market capitalization of $5.11 billion, a P/E ratio of 16.16 and a beta of 1.51. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $35.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The business had revenue of $864.46 million for the quarter, compared to analysts' expectations of $900.59 million. During the same quarter in the prior year, the business earned $0.50 EPS. The business's revenue for the quarter was down 6.3% compared to the same quarter last year. On average, equities analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The firm also recently declared 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. The ex-dividend date is Thursday, July 3rd. This represents a $0.38 annualized dividend and a yield of 1.42%. ChampionX's payout ratio is presently 25.17%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lifted their price target on ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a research 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.