Teza Capital Management LLC Invests $277,000 in ChampionX Co. (NASDAQ:CHX)

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

Several other institutional investors have also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its position in ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after acquiring an additional 559 shares during the last quarter. Venturi Wealth Management LLC grew its holdings in shares of ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after purchasing an additional 1,725 shares during the last quarter. R Squared Ltd bought a new stake in shares of ChampionX during the fourth quarter worth about $103,000. Vestcor Inc increased its stake in shares of ChampionX by 71.6% in the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock valued at $137,000 after buying an additional 2,100 shares during the period. Finally, Brown Brothers Harriman & Co. raised its holdings in ChampionX by 82,557.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock valued at $157,000 after buying an additional 5,779 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus boosted 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.

ChampionX Trading Down 0.1%

CHX traded down $0.02 during midday trading on Monday, hitting $24.48. 3,558,468 shares of the company were exchanged, compared to its average volume of 2,712,307. The firm's 50 day moving average price is $25.97 and its 200-day moving average price is $28.03. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $35.94. The firm has a market capitalization of $4.69 billion, a P/E ratio of 14.84 and a beta of 1.52. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX - Get Free Report) last posted 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. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The company had revenue of $864.46 million for the quarter, compared to analyst estimates of $900.59 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The firm's quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's dividend payout ratio (DPR) is presently 25.17%.

ChampionX Company 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.