ChampionX Co. (NASDAQ:CHX) is Silphium Asset Management Ltd's 7th Largest Position

Silphium Asset Management Ltd grew its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 88.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 366,132 shares of the company's stock after purchasing an additional 171,531 shares during the quarter. ChampionX makes up approximately 3.3% of Silphium Asset Management Ltd's holdings, making the stock its 7th biggest holding. Silphium Asset Management Ltd owned about 0.19% of ChampionX worth $9,955,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Jones Financial Companies Lllp raised its stake in ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after buying an additional 559 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of ChampionX by 1,051.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after buying an additional 1,725 shares during the last quarter. R Squared Ltd acquired a new position in shares of ChampionX in the 4th quarter valued at about $103,000. KBC Group NV grew its position in shares of ChampionX by 18.3% during the 3rd quarter. KBC Group NV now owns 5,827 shares of the company's stock valued at $176,000 after buying an additional 903 shares during the last quarter. Finally, Ieq Capital LLC acquired a new stake in ChampionX during the fourth quarter worth about $228,000. Institutional investors own 98.99% of the company's stock.

Analysts Set New Price Targets

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

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ChampionX Price Performance

NASDAQ:CHX traded up $0.26 during mid-day trading on Thursday, reaching $28.52. 2,632,930 shares of the stock were exchanged, compared to its average volume of 3,143,434. The business has a fifty day moving average price of $28.87 and a 200 day moving average price of $29.62. The firm has a market capitalization of $5.44 billion, a PE ratio of 17.28 and a beta of 2.28. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95.

ChampionX (NASDAQ:CHX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. Research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given 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 dividend yield of 1.33%. ChampionX's dividend payout ratio (DPR) is 23.03%.

About ChampionX

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.