Profund Advisors LLC lessened its position in ChampionX Co. (NASDAQ:CHX – Free Report) by 1.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,959 shares of the company’s stock after selling 487 shares during the quarter. Profund Advisors LLC’s holdings in ChampionX were worth $929,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in ChampionX during the first quarter valued at about $27,000. Rise Advisors LLC bought a new position in ChampionX during the 1st quarter worth approximately $35,000. DekaBank Deutsche Girozentrale purchased a new stake in shares of ChampionX during the second quarter valued at approximately $68,000. YHB Investment Advisors Inc. bought a new position in shares of ChampionX in the first quarter worth approximately $134,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of ChampionX in the first quarter worth $136,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.
ChampionX Price Performance
Shares of ChampionX stock opened at $30.98 on Tuesday. The stock’s fifty day moving average is $31.50 and its 200 day moving average is $33.00. ChampionX Co. has a one year low of $25.46 and a one year high of $39.95. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.25 and a current ratio of 1.99. The stock has a market cap of $5.90 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.13 and a beta of 2.37.
ChampionX Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be issued a $0.095 dividend. The ex-dividend date is Friday, October 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.23%. ChampionX’s dividend payout ratio is presently 20.65%.
Analysts Set New Price Targets
Separately, Piper Sandler lowered their price target on ChampionX from $40.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $39.00.
Check Out Our Latest Stock Report on ChampionX
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.
Featured Articles
- Five stocks we like better than ChampionX
- How Investors Can Find the Best Cheap Dividend Stocks
- The Average 401k Balance by Age Explained
- How to Calculate Return on Investment (ROI)
- 3 Uranium Stocks To Gain as Microsoft Goes Nuclear to Power AI
- Top Biotech Stocks: Exploring Innovation Opportunities
- Biotech Boom Ahead? Key Stocks and ETFs to Watch Now
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.