Slotnik Capital LLC purchased a new stake in shares of ChampionX Co. (NASDAQ:CHX – Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund purchased 530,334 shares of the company’s stock, valued at approximately $17,612,000. ChampionX comprises about 8.6% of Slotnik Capital LLC’s investment portfolio, making the stock its 4th biggest position. Slotnik Capital LLC owned 0.28% of ChampionX as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. P Schoenfeld Asset Management LP acquired a new position in ChampionX in the 2nd quarter worth about $5,446,000. Magnetar Financial LLC bought a new stake in shares of ChampionX during the second quarter worth about $72,860,000. Gabelli Funds LLC acquired a new position in shares of ChampionX in the second quarter valued at approximately $6,870,000. Frank Rimerman Advisors LLC raised its holdings in ChampionX by 114,154.2% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 27,421 shares of the company’s stock valued at $911,000 after buying an additional 27,397 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ acquired a new stake in ChampionX during the 2nd quarter worth approximately $744,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.
ChampionX Price Performance
ChampionX stock opened at $30.98 on Tuesday. The stock’s 50 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 firm 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. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.99 and a quick ratio of 1.25.
ChampionX Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, October 4th. ChampionX’s dividend payout ratio (DPR) is presently 20.65%.
Wall Street Analysts Forecast Growth
Separately, Piper Sandler decreased their price target 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.00.
Check Out Our Latest Research Report on CHX
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.
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