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Nisa Investment Advisors LLC Boosts Stake in ChampionX Co. (NASDAQ:CHX)

ChampionX logo with Construction background

Nisa Investment Advisors LLC lifted its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 899.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 211,103 shares of the company's stock after acquiring an additional 189,977 shares during the quarter. Nisa Investment Advisors LLC owned 0.11% of ChampionX worth $5,740,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Blue Trust Inc. grew its position in shares of ChampionX by 442.4% during the 3rd quarter. Blue Trust Inc. now owns 1,329 shares of the company's stock valued at $44,000 after acquiring an additional 1,084 shares during the period. UMB Bank n.a. grew its holdings in ChampionX by 63.7% during the third quarter. UMB Bank n.a. now owns 2,266 shares of the company's stock valued at $68,000 after purchasing an additional 882 shares during the period. KBC Group NV grew its holdings in ChampionX by 18.3% during the third quarter. KBC Group NV now owns 5,827 shares of the company's stock valued at $176,000 after purchasing an additional 903 shares during the period. Aristides Capital LLC purchased a new stake in ChampionX in the second quarter worth $253,000. Finally, Quantinno Capital Management LP bought a new stake in shares of ChampionX in the third quarter valued at $265,000. 98.99% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Read Our Latest Stock Report on CHX

Insider Buying and Selling at ChampionX

In other news, insider Deric D. Bryant sold 49,303 shares of the business's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.06, for a total transaction of $1,482,048.18. Following the completion of the transaction, the insider now directly owns 337,409 shares in the company, valued at $10,142,514.54. The trade was a 12.75 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.38% of the company's stock.

ChampionX Stock Performance

CHX traded up $0.11 on Friday, hitting $30.05. The company's stock had a trading volume of 4,081,089 shares, compared to its average volume of 2,202,600. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The firm has a market cap of $5.72 billion, a P/E ratio of 18.66 and a beta of 2.36. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.33. The company's 50 day simple moving average is $28.84 and its 200-day simple moving average is $30.32.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.44 EPS for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). ChampionX had a return on equity of 19.74% and a net margin of 8.59%. The company had revenue of $906.53 million during the quarter, compared to the consensus estimate of $916.50 million. During the same period in the previous year, the business earned $0.41 earnings per share. ChampionX's revenue was down 3.5% on a year-over-year basis. Analysts forecast that ChampionX Co. will post 1.71 EPS for the current year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 3rd will be paid a $0.095 dividend. The ex-dividend date is Friday, January 3rd. This represents a $0.38 annualized dividend and a yield of 1.26%. ChampionX's dividend payout ratio is currently 23.60%.

ChampionX Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ChampionX (NASDAQ:CHX)

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