Callan Family Office LLC Purchases New Position in ChampionX Co. (NASDAQ:CHX)

Callan Family Office LLC purchased a new stake in ChampionX Co. (NASDAQ:CHX) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,612 shares of the company’s stock, valued at approximately $397,000.

Several other hedge funds have also recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its holdings in shares of ChampionX by 153.2% in the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after purchasing an additional 559 shares during the last quarter. Venturi Wealth Management LLC grew its stake in ChampionX by 1,051.8% during the fourth 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 acquired a new stake in shares of ChampionX during the fourth quarter worth approximately $103,000. KBC Group NV raised its stake in shares of ChampionX by 18.3% in the third quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after acquiring an additional 903 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of ChampionX in the fourth quarter valued at approximately $228,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ChampionX Stock Performance

ChampionX stock opened at $29.66 on Monday. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The stock has a 50-day simple moving average of $28.97 and a 200 day simple moving average of $29.57. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $5.66 billion, a price-to-earnings ratio of 17.98 and a beta of 2.28.

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

ChampionX Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. ChampionX’s payout ratio is 23.03%.

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.