BNP Paribas Financial Markets Makes New $1.50 Million Investment in ChampionX Co. (NASDAQ:CHX)

BNP Paribas Financial Markets acquired a new stake in ChampionX Co. (NASDAQ:CHX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 55,238 shares of the company’s stock, valued at approximately $1,502,000.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp raised its stake in shares of ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after acquiring an additional 559 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $51,000 after acquiring an additional 1,725 shares in the last quarter. R Squared Ltd bought a new stake in ChampionX in the fourth quarter valued at $103,000. Vestcor Inc boosted its holdings in shares of ChampionX by 71.6% during the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock valued at $137,000 after buying an additional 2,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of ChampionX by 82,557.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock valued at $157,000 after buying an additional 5,779 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors.

ChampionX Price Performance

CHX opened at $25.98 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a market capitalization of $4.97 billion, a P/E ratio of 15.75 and a beta of 1.52. The company’s 50-day simple moving average is $26.40 and its two-hundred day simple moving average is $28.19. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $35.94.

ChampionX (NASDAQ:CHX) last posted its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. The business had revenue of $864.46 million for the quarter, compared to analysts’ expectations of $900.59 million. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The business’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.50 EPS. As a group, analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Shareholders of record on Thursday, July 3rd will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.46%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX’s dividend payout ratio is currently 25.17%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price target on shares of ChampionX from $39.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, May 5th.

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.