Bailard Inc. Purchases Shares of 25,210 ChampionX Co. (NASDAQ:CHX)

Bailard Inc. acquired a new position in ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 25,210 shares of the company's stock, valued at approximately $685,000.

Several other hedge funds have also modified their holdings of CHX. Wealth Enhancement Advisory Services LLC lifted its holdings 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 acquiring an additional 2,485 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of 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. Nisa Investment Advisors LLC increased its position in shares of ChampionX by 2.4% during the 3rd quarter. Nisa Investment Advisors LLC now owns 21,126 shares of the company's stock valued at $637,000 after purchasing an additional 487 shares during the last quarter. Harbor Capital Advisors Inc. raised its holdings in ChampionX by 106.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 126,958 shares of the company's stock valued at $3,828,000 after buying an additional 65,580 shares during the period. Finally, Leeward Investments LLC MA lifted its position in ChampionX by 19.1% in the third quarter. Leeward Investments LLC MA now owns 1,067,589 shares of the company's stock worth $32,188,000 after buying an additional 171,097 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

Separately, Citigroup cut their price objective on shares of ChampionX from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Thursday, November 14th.

ChampionX Trading Up 4.0 %

CHX stock traded up $1.14 during midday trading on Friday, reaching $29.66. The company's stock had a trading volume of 2,690,877 shares, compared to its average volume of 3,135,807. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95. The firm has a market capitalization of $5.66 billion, a price-to-earnings ratio of 17.98 and a beta of 2.28. The stock has a fifty day simple moving average of $28.91 and a two-hundred day simple moving average of $29.61. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating 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, equities research analysts predict 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. Shareholders of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 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.