ChampionX Corporation (NASDAQ:CHX) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its holdings in shares of ChampionX Corporation (NASDAQ:CHX - Free Report) by 36.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 674,229 shares of the company's stock after selling 379,552 shares during the period. ChampionX makes up approximately 1.1% of Leeward Investments LLC MA's portfolio, making the stock its 21st biggest holding. Leeward Investments LLC MA owned 0.35% of ChampionX worth $20,092,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Snowden Capital Advisors LLC boosted its stake in ChampionX by 3.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,199 shares of the company's stock worth $332,000 after buying an additional 419 shares during the last quarter. Arizona State Retirement System raised its holdings 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 purchasing an additional 436 shares during the period. Jones Financial Companies Lllp lifted its stake 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. Retirement Systems of Alabama lifted its stake in shares of ChampionX by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 232,227 shares of the company's stock valued at $6,920,000 after purchasing an additional 595 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of ChampionX by 2.8% during the 1st quarter. State of Alaska Department of Revenue now owns 22,323 shares of the company's stock worth $665,000 after purchasing an additional 600 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price target on shares of ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Monday, May 5th.

ChampionX Stock Down 1.1%

Shares of NASDAQ:CHX traded down $0.30 during midday trading on Friday, reaching $26.14. The company had a trading volume of 818,164 shares, compared to its average volume of 2,817,772. The stock has a market capitalization of $5.00 billion, a P/E ratio of 17.31, a PEG ratio of 5.11 and a beta of 1.49. The stock's fifty day moving average price is $25.23 and its 200-day moving average price is $27.05. 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 Corporation 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 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 the consensus estimate of $900.59 million. ChampionX had a net margin of 8.20% and a return on equity of 19.25%. The firm's revenue was down 6.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. Equities research analysts expect that ChampionX Corporation will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Thursday, July 3rd. ChampionX's dividend payout ratio is presently 25.17%.

ChampionX 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.