ChampionX Co. (NASDAQ:CHX) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in ChampionX Co. (NASDAQ:CHX) by 1.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 28,394 shares of the company’s stock after buying an additional 532 shares during the period. Pacer Advisors Inc.’s holdings in ChampionX were worth $772,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. State Street Corp raised its position in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after buying an additional 122,622 shares during the period. Geode Capital Management LLC boosted its stake in ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after purchasing an additional 63,119 shares during the period. Westchester Capital Management LLC raised its holdings in ChampionX by 67.8% in the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock valued at $85,268,000 after acquiring an additional 1,142,628 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in ChampionX by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,623,131 shares of the company’s stock valued at $79,087,000 after acquiring an additional 84,875 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in shares of ChampionX by 4.6% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,133,863 shares of the company’s stock worth $34,186,000 after buying an additional 50,120 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at ChampionX

In related news, insider Deric D. Bryant sold 49,303 shares of ChampionX stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total transaction of $1,482,048.18. Following the completion of the transaction, the insider now owns 337,409 shares in the company, valued at approximately $10,142,514.54. This trade represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.38% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup decreased their price target on ChampionX from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

ChampionX Stock Down 0.4 %

NASDAQ:CHX opened at $28.53 on Tuesday. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $5.43 billion, a P/E ratio of 17.72 and a beta of 2.35. The stock’s fifty day simple moving average is $28.63 and its 200-day simple moving average is $30.11.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.33%. The ex-dividend date was Friday, January 3rd. ChampionX’s payout ratio is presently 23.60%.

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.