Teza Capital Management LLC Buys New Shares in ChampionX Co. (NASDAQ:CHX)

Teza Capital Management LLC bought a new stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 10,202 shares of the company's stock, valued at approximately $277,000.

A number of other large investors also recently added to or reduced their stakes in CHX. Snowden Capital Advisors LLC raised its position in shares of 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 acquiring an additional 419 shares during the period. ProShare Advisors LLC raised its position in shares of ChampionX by 37.4% in the 4th quarter. ProShare Advisors LLC now owns 69,365 shares of the company's stock valued at $1,886,000 after acquiring an additional 18,898 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of ChampionX in the 4th quarter valued at approximately $686,000. Maven Securities LTD acquired a new stake in shares of ChampionX in the 4th quarter valued at approximately $4,049,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of ChampionX by 4.0% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 108,637 shares of the company's stock valued at $2,954,000 after acquiring an additional 4,200 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Stock Down 0.1%

Shares of CHX traded down $0.02 during mid-day trading on Friday, hitting $24.48. 3,558,468 shares of the company's stock were exchanged, compared to its average volume of 2,705,427. The company has a market cap of $4.69 billion, a PE ratio of 14.84 and a beta of 1.52. ChampionX Co. has a 52 week low of $21.92 and a 52 week high of $35.94. The company has a 50-day simple moving average of $25.97 and a 200 day simple moving average of $28.07. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share 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 quarterly revenue was down 6.3% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. On average, research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.38 annualized dividend and a dividend yield of 1.55%. ChampionX's dividend payout ratio is presently 25.17%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus raised their target price on shares of ChampionX from $39.00 to $40.00 and gave the stock 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.