Yousif Capital Management LLC Sells 1,401 Shares of ChampionX Co. (NASDAQ:CHX)

Yousif Capital Management LLC decreased its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 2.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,273 shares of the company’s stock after selling 1,401 shares during the quarter. Yousif Capital Management LLC’s holdings in ChampionX were worth $1,945,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CHX. Jones Financial Companies Lllp increased its stake in ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock valued at $25,000 after purchasing an additional 559 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of ChampionX by 1,051.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $51,000 after buying an additional 1,725 shares in the last quarter. UMB Bank n.a. raised its stake in ChampionX by 45.5% during the 1st quarter. UMB Bank n.a. now owns 3,097 shares of the company’s stock worth $92,000 after buying an additional 969 shares during the period. Vestcor Inc raised its stake in ChampionX by 71.6% during the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock worth $137,000 after buying an additional 2,100 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in ChampionX by 27.5% during the first quarter. Parallel Advisors LLC now owns 4,672 shares of the company’s stock worth $139,000 after acquiring an additional 1,007 shares in the last quarter. 98.99% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

ChampionX Trading Up 1.9%

Shares of NASDAQ:CHX opened at $26.67 on Monday. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 16.16 and a beta of 1.51. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $35.94. The company’s fifty day simple moving average is $24.94 and its 200 day simple moving average is $27.40.

ChampionX (NASDAQ:CHX) last released its quarterly 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. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The firm had revenue of $864.46 million for the quarter, compared to the consensus estimate of $900.59 million. During the same quarter last year, the business posted $0.50 EPS. The company’s revenue for the quarter was down 6.3% on a year-over-year basis. As a group, research analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Thursday, July 3rd. This represents a $0.38 annualized dividend and a dividend yield of 1.42%. ChampionX’s dividend payout ratio is currently 25.17%.

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.