BNP Paribas Financial Markets Takes Position in ChampionX Co. (NASDAQ:CHX)

BNP Paribas Financial Markets purchased a new stake in shares of ChampionX Co. (NASDAQ:CHX) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 55,238 shares of the company’s stock, valued at approximately $1,502,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in CHX. Barclays PLC increased its position in shares of ChampionX by 147.2% during the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock valued at $10,766,000 after purchasing an additional 212,654 shares during the last quarter. Park Avenue Securities LLC increased its position in shares of ChampionX by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the company’s stock valued at $784,000 after purchasing an additional 2,031 shares during the last quarter. Nisa Investment Advisors LLC increased its holdings in ChampionX by 899.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company’s stock worth $5,740,000 after acquiring an additional 189,977 shares in the last quarter. KBC Group NV increased its holdings in ChampionX by 42.3% in the 4th quarter. KBC Group NV now owns 8,289 shares of the company’s stock worth $225,000 after acquiring an additional 2,462 shares in the last quarter. Finally, Pacer Advisors Inc. increased its holdings in ChampionX by 1.9% in the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock worth $772,000 after acquiring an additional 532 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company’s stock.

ChampionX Stock Down 0.1%

NASDAQ CHX opened at $25.98 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The company has a market capitalization of $4.97 billion, a P/E ratio of 15.75 and a beta of 1.52. ChampionX Co. has a one year low of $21.92 and a one year high of $35.94. The stock has a 50 day moving average price of $26.40 and a 200-day moving average price of $28.19.

ChampionX (NASDAQ:CHX) last released its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.09. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The business had revenue of $864.46 million for the quarter, compared to analyst estimates of $900.59 million. During the same quarter last year, the firm posted $0.50 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. As a group, equities analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.38 annualized dividend and a yield of 1.46%. ChampionX’s dividend payout ratio (DPR) is presently 25.17%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus increased their target price on shares of ChampionX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, May 5th.

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.