ChampionX Co. (NASDAQ:CHX) Shares Acquired by Leeward Investments LLC MA

Leeward Investments LLC MA raised its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 19.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 1,067,589 shares of the company’s stock after buying an additional 171,097 shares during the quarter. ChampionX accounts for approximately 1.5% of Leeward Investments LLC MA’s investment portfolio, making the stock its 5th biggest holding. Leeward Investments LLC MA’s holdings in ChampionX were worth $32,188,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of ChampionX by 6.7% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 526,091 shares of the company’s stock valued at $18,881,000 after purchasing an additional 32,860 shares during the last quarter. Avantax Advisory Services Inc. purchased a new stake in shares of ChampionX in the 1st quarter valued at about $587,000. Sei Investments Co. lifted its holdings in shares of ChampionX by 18.0% in the 1st quarter. Sei Investments Co. now owns 798,936 shares of the company’s stock valued at $28,674,000 after purchasing an additional 121,700 shares during the last quarter. Bayesian Capital Management LP purchased a new stake in shares of ChampionX in the 1st quarter valued at about $1,052,000. Finally, Point72 DIFC Ltd purchased a new stake in shares of ChampionX in the 2nd quarter valued at about $623,000. 98.99% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Piper Sandler reduced their target price on ChampionX from $40.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, July 15th.

ChampionX Trading Up 9.3 %

Shares of CHX stock opened at $31.43 on Thursday. The company has a market capitalization of $5.99 billion, a P/E ratio of 19.52 and a beta of 2.38. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. ChampionX Co. has a twelve month low of $25.46 and a twelve month high of $39.95. The business’s 50 day moving average is $30.08 and its two-hundred day moving average is $31.84.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings data on Wednesday, October 23rd. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). The firm had revenue of $906.53 million for the quarter, compared to analysts’ expectations of $916.50 million. ChampionX had a return on equity of 19.74% and a net margin of 8.59%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. Equities analysts forecast that ChampionX Co. will post 1.66 EPS for the current year.

ChampionX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 25th. Shareholders of record on Friday, October 4th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, October 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.21%. ChampionX’s payout ratio is currently 23.60%.

ChampionX 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.