ChampionX Co. (NASDAQ:CHX) Shares Sold by Paradice Investment Management LLC

Paradice Investment Management LLC lessened its stake in shares of ChampionX Co. (NASDAQ:CHX) by 7.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 832,397 shares of the company’s stock after selling 63,045 shares during the period. ChampionX comprises about 4.5% of Paradice Investment Management LLC’s portfolio, making the stock its 10th largest holding. Paradice Investment Management LLC’s holdings in ChampionX were worth $22,633,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp lifted its position in shares of ChampionX by 1.7% during the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after acquiring an additional 122,622 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after acquiring an additional 63,119 shares during the last quarter. Westchester Capital Management LLC lifted its position in shares of ChampionX by 67.8% during the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock valued at $85,268,000 after acquiring an additional 1,142,628 shares during the last quarter. Van ECK Associates Corp raised 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 valued at $71,764,000 after purchasing an additional 9,056 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its stake in ChampionX by 3.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,623,131 shares of the company’s stock valued at $79,087,000 after purchasing an additional 84,875 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Price Performance

Shares of NASDAQ:CHX opened at $29.44 on Tuesday. The company’s fifty day moving average is $28.43 and its two-hundred day moving average is $29.76. The company has a quick ratio of 1.20, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The company has a market cap of $5.62 billion, a P/E ratio of 17.84 and a beta of 2.35.

ChampionX (NASDAQ:CHX) last posted its quarterly 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 net margin of 8.81% and a return on equity of 19.84%. Equities analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date was Friday, January 3rd. ChampionX’s dividend payout ratio (DPR) is presently 23.03%.

Analyst Ratings Changes

Separately, Citigroup cut their target price on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

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.