ChampionX Co. (NASDAQ:CHX) Stock Holdings Boosted by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its position in shares of ChampionX Co. (NASDAQ:CHX) by 7.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 365,798 shares of the company’s stock after acquiring an additional 24,662 shares during the period. Fisher Asset Management LLC owned 0.19% of ChampionX worth $10,685,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of CHX. HighTower Advisors LLC lifted its holdings in ChampionX by 321.8% in the third quarter. HighTower Advisors LLC now owns 45,014 shares of the company’s stock worth $1,592,000 after purchasing an additional 34,343 shares during the period. Deutsche Bank AG lifted its holdings in ChampionX by 7.3% in the third quarter. Deutsche Bank AG now owns 118,134 shares of the company’s stock worth $4,208,000 after purchasing an additional 8,009 shares during the period. Kestra Advisory Services LLC acquired a new stake in ChampionX in the third quarter worth about $272,000. Prudential PLC acquired a new stake in ChampionX in the third quarter worth about $788,000. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in ChampionX in the third quarter worth about $1,539,000. Institutional investors own 98.99% of the company’s stock.

Insider Transactions at ChampionX

In other news, insider William Jr. O’dell sold 27,178 shares of ChampionX stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $36.00, for a total value of $978,408.00. Following the transaction, the insider now directly owns 57,748 shares of the company’s stock, valued at $2,078,928. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.38% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on CHX. Citigroup upped their price objective on shares of ChampionX from $39.00 to $40.00 and gave the stock a “buy” rating in a report on Wednesday, March 27th. Barclays upped their price target on shares of ChampionX from $39.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, April 4th. Finally, Piper Sandler lifted their price objective on shares of ChampionX from $32.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, April 8th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.33.

ChampionX Trading Up 1.9 %

Shares of NASDAQ CHX opened at $31.16 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.83 and a debt-to-equity ratio of 0.35. ChampionX Co. has a 12 month low of $25.46 and a 12 month high of $39.95. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 16.93, a P/E/G ratio of 1.27 and a beta of 2.39. The business has a fifty day simple moving average of $33.66 and a 200-day simple moving average of $31.65.

ChampionX (NASDAQ:CHX) last released its earnings results on Wednesday, April 24th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.10. The business had revenue of $922.14 million for the quarter, compared to the consensus estimate of $922.13 million. ChampionX had a net margin of 9.74% and a return on equity of 21.42%. Sell-side analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, July 5th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.22%. The ex-dividend date is Friday, July 5th. ChampionX’s dividend payout ratio (DPR) is currently 20.65%.

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.