Kintayl Capital LP purchased a new position in shares of ChampionX Corporation (NASDAQ:CHX - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 356,742 shares of the company's stock, valued at approximately $10,631,000. ChampionX makes up 7.6% of Kintayl Capital LP's investment portfolio, making the stock its 2nd biggest position. Kintayl Capital LP owned approximately 0.19% of ChampionX at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in 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 acquiring an additional 559 shares during the last quarter. Signaturefd LLC lifted its stake in ChampionX by 51.6% during the 1st quarter. Signaturefd LLC now owns 2,321 shares of the company's stock worth $69,000 after acquiring an additional 790 shares in the last quarter. UMB Bank n.a. increased its stake in ChampionX by 45.5% during the 1st quarter. UMB Bank n.a. now owns 3,097 shares of the company's stock worth $92,000 after buying an additional 969 shares during the period. Parallel Advisors LLC grew its stake in shares of 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 acquiring an additional 1,007 shares in the last quarter. Finally, Vestcor Inc increased its position in shares of ChampionX by 71.6% during 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 during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.
Analysts Set New Price Targets
Separately, Stifel Nicolaus lifted their target price on ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Monday, May 5th.
Read Our Latest Analysis on CHX
ChampionX Price Performance
Shares of CHX stock remained flat at $25.81 during trading hours on Thursday. 1,273 shares of the company were exchanged, compared to its average volume of 2,855,019. The stock has a 50-day moving average price of $25.55 and a two-hundred day moving average price of $27.06. The stock has a market cap of $4.94 billion, a price-to-earnings ratio of 17.09, a P/E/G ratio of 5.04 and a beta of 1.49. 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 announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.09. The company had revenue of $864.46 million for the quarter, compared to the consensus estimate of $900.59 million. ChampionX had a net margin of 8.20% and a return on equity of 19.25%. The company's quarterly revenue was down 6.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.50 EPS. As a group, equities research analysts predict that ChampionX Corporation 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 issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's dividend payout ratio (DPR) is 25.17%.
ChampionX Company Profile
(
Free Report)
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.
See Also
Before you consider ChampionX, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ChampionX wasn't on the list.
While ChampionX currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
