ChampionX Co. (NASDAQ:CHX) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC boosted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 7.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,880 shares of the company's stock after acquiring an additional 24,862 shares during the quarter. Fisher Asset Management LLC owned 0.18% of ChampionX worth $10,489,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. boosted its holdings in 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. DekaBank Deutsche Girozentrale purchased a new position in ChampionX during the 2nd quarter valued at about $68,000. UMB Bank n.a. boosted its holdings in ChampionX by 63.7% during the 3rd quarter. UMB Bank n.a. now owns 2,266 shares of the company's stock valued at $68,000 after acquiring an additional 882 shares during the period. KBC Group NV raised its position in ChampionX by 18.3% in the 3rd quarter. KBC Group NV now owns 5,827 shares of the company's stock valued at $176,000 after purchasing an additional 903 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in ChampionX in the 2nd quarter valued at about $194,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Up 0.5 %

CHX stock traded up $0.16 during mid-day trading on Thursday, reaching $30.70. The company had a trading volume of 1,327,395 shares, compared to its average volume of 1,847,159. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.20 and a current ratio of 1.94. The company has a market capitalization of $5.85 billion, a price-to-earnings ratio of 19.07 and a beta of 2.38. The firm has a fifty day simple moving average of $30.53 and a 200 day simple moving average of $31.49. ChampionX Co. has a fifty-two week low of $25.46 and a fifty-two week high of $39.95.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Wednesday, October 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.01). ChampionX had a net margin of 8.59% and a return on equity of 19.74%. The company had revenue of $906.53 million during the quarter, compared to analyst estimates of $916.50 million. During the same period in the prior year, the business earned $0.41 EPS. ChampionX's revenue for the quarter was down 3.5% on a year-over-year basis. Analysts forecast that ChampionX Co. will post 1.66 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Friday, January 3rd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Friday, January 3rd. ChampionX's dividend payout ratio (DPR) is presently 23.60%.

Insider Transactions at ChampionX

In other news, insider Deric D. Bryant sold 49,303 shares of the firm's stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total transaction of $1,482,048.18. Following the sale, the insider now owns 337,409 shares of the company's stock, valued at approximately $10,142,514.54. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.38% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced 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 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.