Earnest Partners LLC decreased its holdings in shares of ChampionX Co. (NASDAQ:CHX – Free Report) by 0.0% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,164,333 shares of the company’s stock after selling 543 shares during the quarter. Earnest Partners LLC’s holdings in ChampionX were worth $38,667,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in CHX. Hawk Ridge Capital Management LP bought a new stake in ChampionX during the 4th quarter valued at approximately $67,592,000. Magnetar Financial LLC bought a new stake in shares of ChampionX in the 2nd quarter worth approximately $72,860,000. Squarepoint Ops LLC acquired a new stake in shares of ChampionX during the 2nd quarter worth approximately $21,669,000. Renaissance Technologies LLC acquired a new stake in shares of ChampionX during the 2nd quarter worth approximately $20,677,000. Finally, Picton Mahoney Asset Management acquired a new stake in shares of ChampionX during the 2nd quarter worth approximately $19,442,000. Institutional investors own 98.99% of the company’s stock.
ChampionX Price Performance
Shares of NASDAQ:CHX opened at $29.60 on Friday. ChampionX Co. has a 1-year low of $25.46 and a 1-year high of $39.95. The firm has a market capitalization of $5.64 billion, a PE ratio of 16.09, a PEG ratio of 1.24 and a beta of 2.37. The business’s 50 day moving average is $31.24 and its 200-day moving average is $32.95. The company has a current ratio of 1.99, a quick ratio of 1.25 and a debt-to-equity ratio of 0.34.
ChampionX Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, October 25th. Investors of record on Friday, October 4th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, October 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. ChampionX’s dividend payout ratio (DPR) is presently 20.65%.
Analyst Ratings Changes
Separately, Piper Sandler decreased their price objective on ChampionX from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, ChampionX presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.
Read Our Latest Stock Report on CHX
About ChampionX
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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