ChampionX Co. (NASDAQ:CHX) Stock Holdings Lifted by Versor Investments LP

Versor Investments LP lifted its stake in shares of ChampionX Co. (NASDAQ:CHX) by 3.6% during the 4th quarter, HoldingsChannel reports. The firm owned 343,702 shares of the company’s stock after purchasing an additional 11,896 shares during the quarter. ChampionX comprises 1.6% of Versor Investments LP’s investment portfolio, making the stock its 2nd biggest position. Versor Investments LP’s holdings in ChampionX were worth $9,345,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. increased its position in ChampionX by 442.4% during the third quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock worth $44,000 after purchasing an additional 1,084 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after buying an additional 1,725 shares during the last quarter. R Squared Ltd purchased a new stake in shares of ChampionX during the 4th quarter valued at approximately $103,000. KBC Group NV raised its position in shares of 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 during the period. Finally, Ieq Capital LLC acquired a new position in ChampionX in the fourth quarter valued at approximately $228,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

Shares of CHX opened at $28.84 on Thursday. The firm has a 50-day simple moving average of $28.62 and a two-hundred day simple moving average of $29.70. The stock has a market cap of $5.50 billion, a PE ratio of 17.48 and a beta of 2.35. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

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

ChampionX Dividend Announcement

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 yield of 1.32%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) is 23.03%.

Analyst Upgrades and Downgrades

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

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.