ChampionX (NASDAQ:CHX) Hits New 1-Year Low – Should You Sell?

ChampionX Co. (NASDAQ:CHX)’s stock price hit a new 52-week low during trading on Friday . The company traded as low as $25.50 and last traded at $25.42, with a volume of 355887 shares changing hands. The stock had previously closed at $27.55.

ChampionX Price Performance

The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $29.24 and a two-hundred day simple moving average of $29.46. The company has a market cap of $4.65 billion, a PE ratio of 14.76 and a beta of 1.81.

ChampionX (NASDAQ:CHX) last posted 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 return on equity of 19.84% and a net margin of 8.81%. On average, equities analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid 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 1.56%. ChampionX’s dividend payout ratio (DPR) is presently 23.03%.

Institutional Trading of ChampionX

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in ChampionX by 80.9% in the fourth quarter. Wellington Management Group LLP now owns 769,436 shares of the company’s stock valued at $20,921,000 after buying an additional 344,149 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in ChampionX by 4.1% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 22,399 shares of the company’s stock valued at $609,000 after purchasing an additional 872 shares in the last quarter. Jefferies Financial Group Inc. acquired a new position in ChampionX during the fourth quarter worth $549,000. Parr Mcknight Wealth Management Group LLC purchased a new stake in ChampionX during the fourth quarter worth $308,000. Finally, GTS Securities LLC acquired a new stake in ChampionX in the fourth quarter valued at $291,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

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.