HRT Financial LP Increases Holdings in ChampionX Co. (NASDAQ:CHX)

HRT Financial LP grew its holdings in shares of ChampionX Co. (NASDAQ:CHX – Get Rating) by 862.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 117,531 shares of the company’s stock after buying an additional 105,314 shares during the period. HRT Financial LP owned 0.06% of ChampionX worth $3,407,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. O Shaughnessy Asset Management LLC lifted its holdings in ChampionX by 23.2% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 31,940 shares of the company’s stock worth $926,000 after buying an additional 6,010 shares during the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of ChampionX by 71.2% in the 4th quarter. Advisor Group Holdings Inc. now owns 46,997 shares of the company’s stock valued at $1,362,000 after purchasing an additional 19,547 shares during the last quarter. Clearbridge Investments LLC lifted its holdings in shares of ChampionX by 0.6% in the 4th quarter. Clearbridge Investments LLC now owns 4,319,899 shares of the company’s stock valued at $125,234,000 after purchasing an additional 27,266 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of ChampionX by 4.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 63,555 shares of the company’s stock valued at $1,842,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Commerce Bank lifted its holdings in shares of ChampionX by 2.6% in the 4th quarter. Commerce Bank now owns 23,236 shares of the company’s stock valued at $674,000 after purchasing an additional 590 shares during the last quarter. 98.46% of the stock is owned by hedge funds and other institutional investors.

ChampionX Stock Down 2.8 %

CHX opened at $26.64 on Friday. The business has a 50 day moving average price of $26.96 and a two-hundred day moving average price of $29.16. The company has a quick ratio of 1.04, a current ratio of 1.75 and a debt-to-equity ratio of 0.36. The company has a market cap of $5.27 billion, a PE ratio of 30.27, a P/E/G ratio of 0.52 and a beta of 2.55. ChampionX Co. has a 52 week low of $16.64 and a 52 week high of $33.65.

ChampionX (NASDAQ:CHX – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. The firm had revenue of $948.35 million during the quarter, compared to the consensus estimate of $965.93 million. ChampionX had a return on equity of 16.87% and a net margin of 4.68%. The firm’s revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.22 EPS. As a group, research analysts anticipate that ChampionX Co. will post 1.85 EPS for the current year.

ChampionX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, July 7th will be given a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.28%. The ex-dividend date is Thursday, July 6th. ChampionX’s payout ratio is 38.64%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. TheStreet raised ChampionX from a “c+” rating to a “b-” rating in a report on Friday, March 24th. Citigroup reduced their target price on ChampionX from $41.00 to $40.00 and set a “buy” rating for the company in a report on Wednesday, April 5th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $30.80.

ChampionX Company Profile

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ChampionX Corp. engages in the provision of chemistry programs and services for global upstream oil and natural gas industry. It operates under the following segments: Production Chemical Technologies, Production and Automation Technologies, Drilling Technologies, and Reservoir Chemical Technologies.