28,476 Shares in ChampionX Co. (NASDAQ:CHX) Bought by Edgestream Partners L.P.

Edgestream Partners L.P. acquired a new position in shares of ChampionX Co. (NASDAQ:CHX) in the fourth quarter, Holdings Channel reports. The firm acquired 28,476 shares of the company’s stock, valued at approximately $774,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Assetmark Inc. grew its holdings in ChampionX by 8.9% in the third quarter. Assetmark Inc. now owns 49,748 shares of the company’s stock worth $1,500,000 after purchasing an additional 4,058 shares during the last quarter. Wolverine Asset Management LLC boosted its position in shares of ChampionX by 29.6% in the 3rd quarter. Wolverine Asset Management LLC now owns 106,836 shares of the company’s stock worth $3,221,000 after purchasing an additional 24,392 shares in the last quarter. GSA Capital Partners LLP boosted its position in shares of ChampionX by 143.2% in the 3rd quarter. GSA Capital Partners LLP now owns 36,985 shares of the company’s stock worth $1,115,000 after purchasing an additional 21,778 shares in the last quarter. Victory Capital Management Inc. increased its position in ChampionX by 19.0% during the 3rd quarter. Victory Capital Management Inc. now owns 58,478 shares of the company’s stock valued at $1,763,000 after buying an additional 9,333 shares in the last quarter. Finally, KBC Group NV increased its position in ChampionX by 18.3% during the 3rd quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after buying an additional 903 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

ChampionX Trading Down 3.1 %

Shares of ChampionX stock opened at $28.54 on Wednesday. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The firm’s 50 day simple moving average is $29.05 and its two-hundred day simple moving average is $29.53. 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 firm has a market capitalization of $5.45 billion, a price-to-earnings ratio of 17.30 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) is 23.03%.

Wall Street Analyst Weigh In

Separately, Citigroup lowered their price target on ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a report 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.