ChampionX Co. (NASDAQ:CHX) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 899.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,103 shares of the company’s stock after purchasing an additional 189,977 shares during the period. Nisa Investment Advisors LLC owned approximately 0.11% of ChampionX worth $5,740,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC boosted its stake in ChampionX by 7.6% during the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the company’s stock valued at $784,000 after purchasing an additional 2,031 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in ChampionX by 3.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company’s stock valued at $3,559,000 after buying an additional 3,931 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new position in ChampionX during the third quarter worth about $15,075,000. Coldstream Capital Management Inc. raised its position in ChampionX by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock worth $290,000 after acquiring an additional 594 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after purchasing an additional 63,119 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Deric D. Bryant sold 49,303 shares of the company’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total value of $1,482,048.18. Following the transaction, the insider now owns 337,409 shares in the company, valued at $10,142,514.54. This represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.38% of the company’s stock.

Wall Street Analysts Forecast Growth

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 report on Thursday, November 14th.

ChampionX Trading Up 0.4 %

Shares of CHX opened at $30.05 on Friday. The business’s 50-day moving average price is $28.84 and its 200 day moving average price is $30.32. 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 stock has a market capitalization of $5.72 billion, a P/E ratio of 18.66 and a beta of 2.36. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95.

ChampionX (NASDAQ:CHX) last released its quarterly earnings results on Wednesday, October 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). ChampionX had a net margin of 8.59% and a return on equity of 19.74%. The firm had revenue of $906.53 million for the quarter, compared to analyst estimates of $916.50 million. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was down 3.5% compared to the same quarter last year. Analysts expect that ChampionX Co. will post 1.71 earnings per share for the current year.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Friday, January 3rd will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.26%. The ex-dividend date is Friday, January 3rd. ChampionX’s dividend payout ratio (DPR) is currently 23.60%.

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.