148,906 Shares in ChampionX Co. (NASDAQ:CHX) Acquired by Maven Securities LTD

Maven Securities LTD bought a new stake in ChampionX Co. (NASDAQ:CHX) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 148,906 shares of the company’s stock, valued at approximately $4,049,000. Maven Securities LTD owned approximately 0.08% of ChampionX as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its holdings in shares of ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after purchasing an additional 559 shares during the period. Venturi Wealth Management LLC raised 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 purchased a new stake in ChampionX in the fourth quarter valued at $103,000. Vestcor Inc grew its position in ChampionX by 71.6% during the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock worth $137,000 after purchasing an additional 2,100 shares during the period. Finally, Brown Brothers Harriman & Co. raised its stake in shares of ChampionX by 82,557.1% during 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. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stifel Nicolaus raised their target price on ChampionX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 5th.

ChampionX Trading Up 3.8%

CHX stock opened at $26.06 on Tuesday. The firm has a market cap of $4.99 billion, a P/E ratio of 15.79 and a beta of 1.52. The company’s 50-day simple moving average is $26.63 and its 200-day simple moving average is $28.25. 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.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. The business had revenue of $864.46 million for the quarter, compared to the consensus estimate of $900.59 million. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The company’s revenue was down 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.50 earnings per share. 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. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.095 per share. 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 (DPR) is currently 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.