ChampionX Co. (NASDAQ:CHX) Holdings Boosted by J.P. Morgan Private Wealth Advisors LLC

J.P. Morgan Private Wealth Advisors LLC boosted its position in shares of ChampionX Co. (NASDAQ:CHXFree Report) by 8.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,774 shares of the company’s stock after acquiring an additional 4,465 shares during the period. J.P. Morgan Private Wealth Advisors LLC’s holdings in ChampionX were worth $1,987,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CHX. Pinebridge Investments L.P. raised its position in shares of ChampionX by 1,075.0% during the second quarter. Pinebridge Investments L.P. now owns 1,175 shares of the company’s stock valued at $36,000 after buying an additional 1,075 shares during the last quarter. NewEdge Advisors LLC raised its position in shares of ChampionX by 654.0% during the first quarter. NewEdge Advisors LLC now owns 1,870 shares of the company’s stock valued at $51,000 after buying an additional 1,622 shares during the last quarter. Covestor Ltd raised its position in shares of ChampionX by 683.0% during the first quarter. Covestor Ltd now owns 2,216 shares of the company’s stock valued at $54,000 after buying an additional 1,933 shares during the last quarter. SG Americas Securities LLC raised its position in shares of ChampionX by 16.9% during the third quarter. SG Americas Securities LLC now owns 4,479 shares of the company’s stock valued at $160,000 after buying an additional 649 shares during the last quarter. Finally, Park Place Capital Corp raised its position in shares of ChampionX by 240.5% during the third quarter. Park Place Capital Corp now owns 4,519 shares of the company’s stock valued at $161,000 after buying an additional 3,192 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Price Performance

Shares of ChampionX stock opened at $28.99 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.13 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 0.70 and a beta of 2.45. ChampionX Co. has a 1-year low of $23.66 and a 1-year high of $38.37. The firm’s 50-day moving average price is $28.46 and its two-hundred day moving average price is $31.98.

ChampionX (NASDAQ:CHXGet Free Report) last issued its quarterly earnings data on Tuesday, February 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.01. The firm had revenue of $943.56 million for the quarter, compared to analysts’ expectations of $947.33 million. ChampionX had a net margin of 8.36% and a return on equity of 20.14%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share. On average, equities analysts predict that ChampionX Co. will post 1.94 earnings per share for the current fiscal year.

ChampionX Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 26th. Stockholders of record on Friday, April 5th will be paid a dividend of $0.095 per share. This is a boost from ChampionX’s previous quarterly dividend of $0.09. This represents a $0.38 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, April 4th. ChampionX’s dividend payout ratio is 21.66%.

Analysts Set New Price Targets

Several research analysts recently issued reports on CHX shares. Barclays raised shares of ChampionX from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $33.00 to $42.00 in a research report on Tuesday, October 17th. Stifel Nicolaus dropped their price target on shares of ChampionX from $41.00 to $39.00 and set a “buy” rating for the company in a research report on Thursday, October 26th. The Goldman Sachs Group dropped their price target on shares of ChampionX from $37.00 to $32.00 and set a “neutral” rating for the company in a research report on Tuesday, November 14th. Finally, Piper Sandler lowered shares of ChampionX from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $38.00 to $32.00 in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Read Our Latest Analysis on ChampionX

ChampionX Profile

(Free Report)

ChampionX Corporation provides chemistry solutions, 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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Institutional Ownership by Quarter for ChampionX (NASDAQ:CHX)

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