Phocas Financial Corp. Decreases Holdings in ChampionX Co. (NASDAQ:CHX)

Phocas Financial Corp. lowered its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 84.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 31,108 shares of the company's stock after selling 169,068 shares during the period. Phocas Financial Corp.'s holdings in ChampionX were worth $846,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Olympiad Research LP lifted its position in shares of ChampionX by 67.3% during the 4th quarter. Olympiad Research LP now owns 96,868 shares of the company's stock valued at $2,634,000 after acquiring an additional 38,981 shares during the period. Hudson Edge Investment Partners Inc. lifted its position in shares of ChampionX by 4.8% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 15,150 shares of the company's stock valued at $412,000 after acquiring an additional 700 shares during the period. Ieq Capital LLC acquired a new position in shares of ChampionX during the 4th quarter valued at $228,000. Venturi Wealth Management LLC lifted its position in shares of ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after acquiring an additional 1,725 shares during the period. Finally, Van ECK Associates Corp lifted its position in shares of ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after acquiring an additional 9,056 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

Remove Ads

Analyst Ratings Changes

Separately, Citigroup dropped their target price 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 Stock Up 1.8 %

Shares of ChampionX stock traded up $0.52 during trading hours on Friday, reaching $29.80. The company's stock had a trading volume of 3,554,425 shares, compared to its average volume of 3,094,701. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95. The company has a market capitalization of $5.69 billion, a P/E ratio of 18.06 and a beta of 2.35. The stock's fifty day simple moving average is $28.77 and its two-hundred day simple moving average is $29.69. 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 released 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, research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

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