ChampionX Co. (NASDAQ:CHX) Shares Bought by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 6.7% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 526,091 shares of the company’s stock after purchasing an additional 32,860 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned approximately 0.28% of ChampionX worth $18,881,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC purchased a new stake in ChampionX in the 4th quarter valued at $26,000. Allspring Global Investments Holdings LLC purchased a new stake in shares of ChampionX during the 1st quarter worth approximately $27,000. Rise Advisors LLC purchased a new stake in ChampionX during the first quarter worth $35,000. Quadrant Capital Group LLC grew its stake in ChampionX by 37.6% in the 4th quarter. Quadrant Capital Group LLC now owns 3,041 shares of the company’s stock valued at $89,000 after acquiring an additional 831 shares during the last quarter. Finally, Principal Securities Inc. acquired a new stake in shares of ChampionX in the fourth quarter valued at approximately $91,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on CHX. Piper Sandler lowered their price target on shares of ChampionX from $40.00 to $33.00 and set a “neutral” rating for the company in a report on Monday. Citigroup raised their price target on shares of ChampionX from $39.00 to $40.00 and gave the company a “buy” rating in a report on Wednesday, March 27th. Finally, Barclays lifted their price objective on ChampionX from $39.00 to $51.00 and gave the stock an “overweight” rating in a report on Thursday, April 4th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $39.00.

ChampionX Stock Performance

Shares of NASDAQ:CHX traded down $0.03 on Friday, reaching $34.40. 357,309 shares of the company’s stock were exchanged, compared to its average volume of 1,972,650. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.35. ChampionX Co. has a fifty-two week low of $25.46 and a fifty-two week high of $39.95. The business’s 50-day moving average is $32.65 and its two-hundred day moving average is $32.10. The firm has a market capitalization of $6.55 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 1.43 and a beta of 2.41.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.10. The firm had revenue of $922.14 million during the quarter, compared to the consensus estimate of $922.13 million. ChampionX had a return on equity of 21.42% and a net margin of 9.74%. As a group, equities research analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, July 5th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Friday, July 5th. ChampionX’s payout ratio is currently 20.65%.

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.