ChampionX Co. (NASDAQ:CHX) Shares Acquired by KBC Group NV

KBC Group NV raised its position in shares of ChampionX Co. (NASDAQ:CHX) by 42.3% in the fourth quarter, HoldingsChannel reports. The firm owned 8,289 shares of the company’s stock after acquiring an additional 2,462 shares during the period. KBC Group NV’s holdings in ChampionX were worth $225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its holdings in shares of ChampionX by 899.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company’s stock valued at $5,740,000 after buying an additional 189,977 shares during the last quarter. Park Avenue Securities LLC increased its position in ChampionX by 7.6% in the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the company’s stock valued at $784,000 after acquiring an additional 2,031 shares during the period. Harbor Capital Advisors Inc. raised its stake in ChampionX by 3.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company’s stock valued at $3,559,000 after acquiring an additional 3,931 shares in the last quarter. Oddo BHF Asset Management Sas bought a new stake in ChampionX during the 3rd quarter valued at $15,075,000. Finally, Coldstream Capital Management Inc. boosted its position in ChampionX by 6.6% during the 3rd quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock worth $290,000 after acquiring an additional 594 shares during the period. Institutional investors own 98.99% of the company’s stock.

ChampionX Price Performance

NASDAQ CHX opened at $29.30 on Wednesday. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The firm has a market capitalization of $5.58 billion, a PE ratio of 18.20 and a beta of 2.35. The company’s 50 day simple moving average is $28.60 and its 200 day simple moving average is $30.07. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.20.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.59% and a return on equity of 19.74%. As a group, equities research analysts forecast that ChampionX Co. will post 1.71 EPS for the current fiscal year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.30%. The ex-dividend date was Friday, January 3rd. ChampionX’s dividend payout ratio is 23.60%.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price objective 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.

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.