ChampionX Co. (NASDAQ:CHX) Shares Purchased by Hudson Edge Investment Partners Inc.

Hudson Edge Investment Partners Inc. grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 4.8% in the fourth quarter, HoldingsChannel reports. The fund owned 15,150 shares of the company’s stock after buying an additional 700 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in ChampionX were worth $412,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Blue Trust Inc. boosted its holdings in ChampionX by 442.4% in the third 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 last quarter. Venturi Wealth Management LLC increased its position in ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after purchasing an additional 1,725 shares in the last quarter. R Squared Ltd purchased a new position in ChampionX in the fourth quarter valued at approximately $103,000. KBC Group NV lifted its position in ChampionX by 18.3% during the third quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after buying an additional 903 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in ChampionX during the fourth quarter worth approximately $228,000. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

Shares of NASDAQ CHX opened at $29.69 on Friday. 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 1-year low of $25.57 and a 1-year high of $39.95. The company has a market capitalization of $5.66 billion, a price-to-earnings ratio of 17.99 and a beta of 2.35. The business has a 50-day moving average of $28.52 and a 200-day moving average of $29.74.

ChampionX (NASDAQ:CHX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. On average, equities analysts anticipate that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Friday, April 4th. ChampionX’s payout ratio is 23.03%.

Analyst Ratings Changes

Separately, Citigroup cut their target price on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

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.