OMERS ADMINISTRATION Corp Has $60.13 Million Stock Position in ChampionX Co. (NASDAQ:CHX)

OMERS ADMINISTRATION Corp reduced its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 15.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,211,511 shares of the company's stock after selling 413,000 shares during the quarter. OMERS ADMINISTRATION Corp owned approximately 1.16% of ChampionX worth $60,131,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of ChampionX by 123.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after acquiring an additional 136,132 shares in the last quarter. Van ECK Associates Corp increased its stake in ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after purchasing an additional 9,056 shares in the last quarter. Schroder Investment Management Group acquired a new stake in ChampionX during the 4th quarter worth approximately $472,000. Yakira Capital Management Inc. lifted its stake in ChampionX by 29.9% in the fourth quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock valued at $5,935,000 after buying an additional 50,300 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of ChampionX in the fourth quarter valued at approximately $12,080,000. 98.99% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ChampionX Stock Down 0.1%

Shares of CHX traded down $0.02 during mid-day trading on Friday, hitting $25.98. 2,173,498 shares of the company's stock were exchanged, compared to its average volume of 2,663,240. 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 Co. has a 52 week low of $21.92 and a 52 week high of $35.94. The company has a market cap of $4.97 billion, a PE ratio of 15.75 and a beta of 1.52. The company has a 50-day simple moving average of $26.45 and a 200 day simple moving average of $28.20.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating 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 firm had revenue of $864.46 million during the quarter, compared to the consensus estimate of $900.59 million. During the same period last year, the company earned $0.50 earnings per share. The business's revenue was down 6.3% compared to the same quarter last year. 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. Stockholders of record on Thursday, July 3rd will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX's dividend payout ratio is currently 25.17%.

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.