34,058 Shares in ChampionX Corporation (NASDAQ:CHX) Purchased by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of ChampionX Corporation (NASDAQ:CHX) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 34,058 shares of the company’s stock, valued at approximately $1,015,000.

A number of other large investors have also recently modified their holdings of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company’s stock valued at $6,693,000 after purchasing an additional 136,132 shares in the last quarter. Schroder Investment Management Group bought a new stake in ChampionX in the fourth quarter worth $472,000. Yakira Capital Management Inc. boosted its position in ChampionX by 29.9% during the fourth quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company’s stock valued at $5,935,000 after buying an additional 50,300 shares during the period. Raymond James Financial Inc. purchased a new stake in ChampionX during the fourth quarter valued at about $12,080,000. Finally, Silphium Asset Management Ltd grew its stake in shares of ChampionX by 88.1% during the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock valued at $9,955,000 after buying an additional 171,531 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Trading Up 0.4%

NASDAQ:CHX opened at $26.51 on Wednesday. The firm has a market capitalization of $5.08 billion, a P/E ratio of 17.56, a P/E/G ratio of 5.16 and a beta of 1.51. The company has a quick ratio of 1.62, a current ratio of 2.25 and a debt-to-equity ratio of 0.31. The company has a fifty day moving average of $25.04 and a 200 day moving average of $27.37. ChampionX Corporation has a 52 week low of $21.92 and a 52 week high of $35.94.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.09. The firm had revenue of $864.46 million for the quarter, compared to analysts’ expectations of $900.59 million. ChampionX had a net margin of 8.20% and a return on equity of 19.25%. The company’s revenue for the quarter was down 6.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, research analysts predict that ChampionX Corporation will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Thursday, July 3rd. ChampionX’s payout ratio is 25.17%.

Wall Street Analysts Forecast Growth

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

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.