New York State Teachers Retirement System Has $6.17 Million Holdings in ChampionX Co. (NASDAQ:CHX)

New York State Teachers Retirement System decreased its position in ChampionX Co. (NASDAQ:CHX) by 1.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,964 shares of the company’s stock after selling 3,810 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of ChampionX worth $6,171,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp lifted its holdings in ChampionX by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock valued at $71,764,000 after buying an additional 9,056 shares during the period. Quest Partners LLC raised its holdings in shares of ChampionX by 86.8% during the third quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock valued at $2,083,000 after purchasing an additional 32,103 shares during the period. State Street Corp raised its holdings in shares of 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 purchasing an additional 122,622 shares during the period. Barclays PLC raised its holdings in shares of ChampionX by 147.2% during the third quarter. Barclays PLC now owns 357,081 shares of the company’s stock valued at $10,766,000 after purchasing an additional 212,654 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of ChampionX by 1.4% during the third 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. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Performance

Shares of CHX stock opened at $29.96 on Thursday. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The firm’s 50 day moving average is $28.47 and its 200 day moving average is $29.75. The stock has a market capitalization of $5.72 billion, a P/E ratio of 18.16 and a beta of 2.35.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, sell-side analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.38 dividend on an annualized basis and a yield of 1.27%. ChampionX’s dividend payout ratio (DPR) is currently 23.03%.

Analyst Ratings Changes

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

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.