ChampionX Co. (NASDAQ:CHX) Stake Lowered by Leeward Investments LLC MA

Leeward Investments LLC MA cut its stake in shares of ChampionX Co. (NASDAQ:CHX) by 1.3% in the 4th quarter, Holdings Channel reports. The firm owned 1,053,781 shares of the company’s stock after selling 13,808 shares during the quarter. ChampionX comprises approximately 1.4% of Leeward Investments LLC MA’s holdings, making the stock its 12th biggest position. Leeward Investments LLC MA’s holdings in ChampionX were worth $28,652,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in CHX. Blue Trust Inc. grew its holdings in shares of ChampionX by 442.4% during the third quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock valued at $44,000 after purchasing an additional 1,084 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 valued at $51,000 after purchasing an additional 1,725 shares during the last quarter. R Squared Ltd bought a new position in shares of ChampionX during the fourth quarter valued at approximately $103,000. KBC Group NV grew its holdings in shares of ChampionX by 18.3% during the third quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after purchasing an additional 903 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of ChampionX during the fourth quarter valued at approximately $228,000. 98.99% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup reduced their price objective on ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 14th.

ChampionX Stock Performance

Shares of NASDAQ CHX opened at $29.69 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $28.52 and a 200-day simple moving average of $29.74. The company has a market cap of $5.66 billion, a PE ratio of 17.99 and a beta of 2.35. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95.

ChampionX (NASDAQ:CHX) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. On average, equities research analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. ChampionX’s dividend payout ratio (DPR) is 23.03%.

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.