ChampionX Co. (NASDAQ:CHX) Shares Acquired by Olympiad Research LP

Olympiad Research LP boosted its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 67.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,868 shares of the company’s stock after buying an additional 38,981 shares during the period. ChampionX comprises 2.7% of Olympiad Research LP’s portfolio, making the stock its 2nd largest holding. Olympiad Research LP owned approximately 0.05% of ChampionX worth $2,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CHX. Van ECK Associates Corp increased its stake in ChampionX by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock valued at $71,764,000 after acquiring an additional 9,056 shares during the period. Quest Partners LLC increased its stake in ChampionX by 86.8% in 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 period. State Street Corp increased its stake in ChampionX by 1.7% in the third 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 during the period. Barclays PLC increased its stake in ChampionX by 147.2% in the third 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 during the period. Finally, Geode Capital Management LLC increased its stake in ChampionX by 1.4% in the third 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 during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered 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 Price Performance

NASDAQ:CHX opened at $29.69 on Friday. The firm has a market cap of $5.66 billion, a PE ratio of 17.99 and a beta of 2.35. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $28.52 and its two-hundred day moving average price is $29.74.

ChampionX (NASDAQ:CHX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, equities analysts anticipate 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, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%. ChampionX’s payout ratio is 23.03%.

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.