Pacer Advisors Inc. Has $772,000 Stock Position in ChampionX Co. (NASDAQ:CHX)

Pacer Advisors Inc. lifted its stake in shares of ChampionX Co. (NASDAQ:CHX) by 1.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 28,394 shares of the company’s stock after purchasing an additional 532 shares during the quarter. Pacer Advisors Inc.’s holdings in ChampionX were worth $772,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quest Partners LLC boosted its position in ChampionX by 86.8% during the third quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock valued at $2,083,000 after acquiring an additional 32,103 shares during the last quarter. State Street Corp lifted its position in ChampionX by 1.7% in the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after acquiring an additional 122,622 shares in the last quarter. Barclays PLC lifted its position in ChampionX by 147.2% in the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock valued at $10,766,000 after acquiring an additional 212,654 shares in the last quarter. Geode Capital Management LLC lifted its position in ChampionX by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after acquiring an additional 63,119 shares in the last quarter. Finally, Raymond James & Associates lifted its position in shares of ChampionX by 3.1% during the 3rd quarter. Raymond James & Associates now owns 225,285 shares of the company’s stock worth $6,792,000 after buying an additional 6,695 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Stock Down 0.4 %

ChampionX stock opened at $28.53 on Tuesday. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.72 and a beta of 2.35. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. The firm has a 50 day simple moving average of $28.63 and a 200 day simple moving average of $30.11.

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were given a dividend of $0.095 per share. The ex-dividend date was Friday, January 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.33%. ChampionX’s dividend payout ratio (DPR) is currently 23.60%.

Analyst Upgrades and Downgrades

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.

Insider Buying and Selling

In other ChampionX news, insider Deric D. Bryant sold 49,303 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $30.06, for a total value of $1,482,048.18. Following the completion of the sale, the insider now directly owns 337,409 shares of the company’s stock, valued at $10,142,514.54. The trade was a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.38% of the stock is owned by company insiders.

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.