Versor Investments LP Buys 11,896 Shares of ChampionX Co. (NASDAQ:CHX)

Versor Investments LP grew its stake in ChampionX Co. (NASDAQ:CHX) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 343,702 shares of the company’s stock after buying an additional 11,896 shares during the quarter. ChampionX accounts for about 1.6% of Versor Investments LP’s portfolio, making the stock its 2nd largest holding. Versor Investments LP owned about 0.18% of ChampionX worth $9,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its position in ChampionX by 442.4% during the third quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock valued at $44,000 after buying an additional 1,084 shares during the period. Raymond James & Associates grew its position in shares of ChampionX by 3.1% during the 3rd quarter. Raymond James & Associates now owns 225,285 shares of the company’s stock valued at $6,792,000 after acquiring an additional 6,695 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of ChampionX by 13.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 21,527 shares of the company’s stock valued at $649,000 after purchasing an additional 2,485 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in ChampionX by 7.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 22,238 shares of the company’s stock worth $670,000 after purchasing an additional 1,500 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in ChampionX by 2.4% during the third quarter. Nisa Investment Advisors LLC now owns 21,126 shares of the company’s stock worth $637,000 after purchasing an additional 487 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

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

ChampionX Stock Down 1.0 %

Shares of NASDAQ CHX opened at $28.84 on Thursday. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95. 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 company’s 50-day simple moving average is $28.62 and its 200-day simple moving average is $29.70. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 17.48 and a beta of 2.35.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping 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%. Equities analysts predict that ChampionX Co. will post 1.92 EPS 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 issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.32%. ChampionX’s payout ratio is currently 23.03%.

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.