Fox Run Management L.L.C. Takes Position in ChampionX Co. (NASDAQ:CHX)

Fox Run Management L.L.C. acquired a new stake in ChampionX Co. (NASDAQ:CHXFree Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,056 shares of the company’s stock, valued at approximately $679,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Congress Asset Management Co. MA lifted its position in shares of ChampionX by 114.0% in the third quarter. Congress Asset Management Co. MA now owns 4,172,230 shares of the company’s stock valued at $148,615,000 after acquiring an additional 2,222,224 shares in the last quarter. Fifth Third Bancorp lifted its position in ChampionX by 4.2% during the second quarter. Fifth Third Bancorp now owns 28,053 shares of the company’s stock worth $871,000 after buying an additional 1,118 shares during the period. TD Asset Management Inc lifted its position in ChampionX by 928.1% during the third quarter. TD Asset Management Inc now owns 73,614 shares of the company’s stock worth $2,622,000 after buying an additional 66,454 shares during the period. Shell Asset Management Co. purchased a new position in ChampionX during the second quarter worth about $522,000. Finally, Oppenheimer Asset Management Inc. lifted its position in ChampionX by 73.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 134,913 shares of the company’s stock worth $4,188,000 after buying an additional 57,230 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CHX. Piper Sandler downgraded ChampionX from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $38.00 to $32.00 in a research report on Monday, January 8th. The Goldman Sachs Group dropped their price target on ChampionX from $37.00 to $32.00 and set a “neutral” rating for the company in a research note on Tuesday, November 14th. Barclays upgraded ChampionX from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $42.00 in a research note on Tuesday, October 17th. Finally, Stifel Nicolaus dropped their price target on ChampionX from $41.00 to $39.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $37.50.

Read Our Latest Analysis on ChampionX

ChampionX Stock Down 0.6 %

CHX opened at $28.20 on Wednesday. ChampionX Co. has a 12 month low of $23.66 and a 12 month high of $38.37. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.87 and a quick ratio of 1.13. The stock has a market cap of $5.49 billion, a P/E ratio of 18.68, a P/E/G ratio of 0.67 and a beta of 2.47. The stock’s 50 day moving average price is $28.69 and its 200 day moving average price is $32.34.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 26th. Investors of record on Friday, January 5th were given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend was Thursday, January 4th. ChampionX’s dividend payout ratio is currently 22.52%.

About ChampionX

(Free Report)

ChampionX Corporation provides chemistry solutions, 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.

Further Reading

Want to see what other hedge funds are holding CHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ChampionX Co. (NASDAQ:CHXFree Report).

Institutional Ownership by Quarter for ChampionX (NASDAQ:CHX)

Receive News & Ratings for ChampionX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChampionX and related companies with MarketBeat.com's FREE daily email newsletter.