OMERS ADMINISTRATION Corp Decreases Stock Holdings in ChampionX Co. (NASDAQ:CHX)

OMERS ADMINISTRATION Corp lowered its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 15.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,211,511 shares of the company's stock after selling 413,000 shares during the period. OMERS ADMINISTRATION Corp owned approximately 1.16% of ChampionX worth $60,131,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Maven Securities LTD acquired a new stake in ChampionX in the 4th quarter valued at approximately $4,049,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in 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 purchasing an additional 4,200 shares during the last quarter. LMR Partners LLP acquired a new stake in ChampionX in the 4th quarter valued at approximately $10,345,000. Janus Henderson Group PLC increased its holdings in ChampionX by 27.8% in the 4th quarter. Janus Henderson Group PLC now owns 370,166 shares of the company's stock valued at $10,065,000 after purchasing an additional 80,566 shares during the last quarter. Finally, Jefferies Financial Group Inc. acquired a new stake in ChampionX in the 4th quarter valued at approximately $549,000. Institutional investors and hedge funds own 98.99% of the company's stock.

Analysts Set New Price Targets

Separately, Stifel Nicolaus 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 Monday, May 5th.

ChampionX Stock Down 0.1%

CHX stock traded down $0.02 during midday trading on Friday, hitting $25.98. The company's stock had a trading volume of 2,173,498 shares, compared to its average volume of 2,669,724. 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 Co. has a 52-week low of $21.92 and a 52-week high of $35.94. The firm has a market capitalization of $4.97 billion, a P/E ratio of 15.75 and a beta of 1.52. The firm has a 50-day simple moving average of $26.40 and a 200-day simple moving average of $28.19.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The company had revenue of $864.46 million during the quarter, compared to analysts' expectations of $900.59 million. During the same quarter last year, the company posted $0.50 EPS. The firm's revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts forecast that ChampionX Co. will post 1.92 EPS for the current 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 given a $0.095 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.38 annualized dividend and a yield of 1.46%. 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.