Versor Investments LP Acquires 11,896 Shares of ChampionX Co. (NASDAQ:CHX)

Versor Investments LP grew its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 343,702 shares of the company's stock after purchasing an additional 11,896 shares during the period. ChampionX makes up 1.6% of Versor Investments LP's portfolio, making the stock its 2nd biggest holding. Versor Investments LP owned 0.18% of ChampionX worth $9,345,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CHX. Van ECK Associates Corp raised its position in shares of ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after purchasing an additional 9,056 shares during the period. Quest Partners LLC raised its holdings in ChampionX by 86.8% during the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company's stock worth $2,083,000 after buying an additional 32,103 shares during the period. State Street Corp lifted its stake in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock valued at $223,776,000 after buying an additional 122,622 shares in the last quarter. Barclays PLC boosted its holdings in shares of ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after buying an additional 212,654 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of ChampionX by 1.4% in the third quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock worth $139,239,000 after acquiring an additional 63,119 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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ChampionX Stock Down 4.6 %

ChampionX stock traded down $1.36 during mid-day trading on Monday, hitting $28.44. The company's stock had a trading volume of 4,575,290 shares, compared to its average volume of 3,131,701. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95. The firm's 50 day moving average is $28.77 and its 200 day moving average is $29.68. The company has a market cap of $5.43 billion, a PE ratio of 17.24 and a beta of 2.35.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping 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%. On average, analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders 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 1.34%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 23.03%.

Analyst Upgrades and Downgrades

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

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.