Natixis Advisors L.P. Has $9.85 Million Position in ChampionX Co. (NASDAQ:CHX)

Natixis Advisors L.P. decreased its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 17.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 337,356 shares of the company's stock after selling 73,041 shares during the period. Natixis Advisors L.P. owned 0.17% of ChampionX worth $9,853,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in shares of ChampionX by 19.4% in the third quarter. Parkside Financial Bank & Trust now owns 2,166 shares of the company's stock worth $77,000 after acquiring an additional 352 shares during the last quarter. AMG National Trust Bank increased its holdings in shares of ChampionX by 1.0% during the 3rd quarter. AMG National Trust Bank now owns 39,832 shares of the company's stock worth $1,419,000 after buying an additional 380 shares during the last quarter. United Services Automobile Association raised its position in shares of ChampionX by 4.1% in the 3rd quarter. United Services Automobile Association now owns 13,913 shares of the company's stock worth $496,000 after buying an additional 547 shares during the period. SG Americas Securities LLC boosted its holdings in ChampionX by 16.9% in the third quarter. SG Americas Securities LLC now owns 4,479 shares of the company's stock valued at $160,000 after acquiring an additional 649 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its holdings in ChampionX by 1.8% in the third quarter. Los Angeles Capital Management LLC now owns 37,026 shares of the company's stock valued at $1,319,000 after acquiring an additional 650 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Stock Up 1.0 %

Shares of NASDAQ CHX traded up $0.34 during midday trading on Thursday, reaching $34.22. 1,441,334 shares of the company's stock were exchanged, compared to its average volume of 2,047,590. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.16 and a current ratio of 1.83. ChampionX Co. has a 52-week low of $24.98 and a 52-week high of $39.95. The business's fifty day moving average price is $34.75 and its two-hundred day moving average price is $31.14. The stock has a market capitalization of $6.52 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 1.06 and a beta of 2.45.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.10. The company had revenue of $922.14 million for the quarter, compared to the consensus estimate of $922.13 million. ChampionX had a return on equity of 21.42% and a net margin of 9.74%. Analysts forecast that ChampionX Co. will post 1.95 EPS for the current year.

ChampionX Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 26th. Shareholders of record on Friday, April 5th were paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.11%. This is an increase from ChampionX's previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, April 4th. ChampionX's dividend payout ratio is 20.65%.

Insiders Place Their Bets

In other news, insider William Jr. O'dell sold 27,178 shares of ChampionX stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $36.00, for a total value of $978,408.00. Following the completion of the transaction, the insider now owns 57,748 shares in the company, valued at approximately $2,078,928. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.38% of the stock is owned by company insiders.

Analysts Set New Price Targets

CHX has been the topic of several research analyst reports. Barclays lifted their price objective on ChampionX from $39.00 to $51.00 and gave the company an "overweight" rating in a research note on Thursday, April 4th. Piper Sandler boosted their price objective on shares of ChampionX from $32.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, April 8th. Finally, Citigroup lifted their target price on shares of ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a report on Wednesday, March 27th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.33.

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.