KBC Group NV Increases Stock Holdings in ChampionX Co. (NASDAQ:CHX)

KBC Group NV boosted its stake in ChampionX Co. (NASDAQ:CHX) by 42.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,289 shares of the company’s stock after acquiring an additional 2,462 shares during the quarter. KBC Group NV’s holdings in ChampionX were worth $225,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CHX. Nisa Investment Advisors LLC boosted its holdings in ChampionX by 899.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company’s stock valued at $5,740,000 after purchasing an additional 189,977 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of ChampionX by 7.6% in the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the company’s stock valued at $784,000 after purchasing an additional 2,031 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of ChampionX by 3.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company’s stock valued at $3,559,000 after buying an additional 3,931 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of ChampionX during the third quarter worth approximately $15,075,000. Finally, Coldstream Capital Management Inc. increased its stake in shares of ChampionX by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock worth $290,000 after buying an additional 594 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Analysts Set New Price Targets

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

ChampionX Trading Up 2.7 %

NASDAQ:CHX opened at $29.30 on Wednesday. ChampionX Co. has a 52 week low of $25.57 and a 52 week 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 company has a market cap of $5.58 billion, a PE ratio of 18.20 and a beta of 2.35. The business’s 50 day moving average is $28.60 and its two-hundred day moving average is $30.07.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.59% and a return on equity of 19.74%. On average, analysts predict that ChampionX Co. will post 1.71 EPS for the current year.

ChampionX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 3rd were issued a $0.095 dividend. 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 1.30%. ChampionX’s dividend payout ratio is currently 23.60%.

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.