Aristides Capital LLC purchased a new stake in ChampionX Co. (NASDAQ:CHX – Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,622 shares of the company’s stock, valued at approximately $253,000.
Other hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of ChampionX in the 1st quarter worth approximately $27,000. Rise Advisors LLC acquired a new position in shares of ChampionX during the 1st quarter valued at $35,000. DekaBank Deutsche Girozentrale bought a new stake in shares of ChampionX in the 2nd quarter worth $68,000. YHB Investment Advisors Inc. acquired a new stake in shares of ChampionX in the first quarter valued at $134,000. Finally, Central Pacific Bank Trust Division bought a new position in ChampionX during the first quarter valued at about $136,000. Institutional investors own 98.99% of the company’s stock.
ChampionX Price Performance
CHX opened at $30.15 on Tuesday. ChampionX Co. has a 12-month low of $25.46 and a 12-month high of $39.95. The company has a quick ratio of 1.25, a current ratio of 1.99 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $5.74 billion, a P/E ratio of 16.39, a PEG ratio of 1.24 and a beta of 2.37. The stock has a fifty day moving average of $31.05 and a 200-day moving average of $32.94.
ChampionX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Shareholders of record on Friday, October 4th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, October 4th. ChampionX’s dividend payout ratio (DPR) is currently 20.65%.
Wall Street Analyst Weigh In
Separately, Piper Sandler reduced their price objective on shares of ChampionX from $40.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $39.00.
Read Our Latest Stock Analysis on CHX
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.
See Also
- Five stocks we like better than ChampionX
- 2 Fintech Stocks to Buy Now and 1 to Avoid
- Instacart Is Revolutionizing Groceries: Why It’s Time to Invest
- Using the MarketBeat Stock Split Calculator
- DraftKings Is the Real MVP of the 2025 NFL Football Season
- Stock Dividend Cuts Happen Are You Ready?
- TJX Stock: A Buying Opportunity Before the Holiday Rush
Want to see what other hedge funds are holding CHX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for ChampionX Co. (NASDAQ:CHX – Free Report).
Receive News & Ratings for ChampionX Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ChampionX and related companies with MarketBeat.com's FREE daily email newsletter.