Hantz Financial Services Inc. Invests $1.48 Million in ChampionX Co. (NASDAQ:CHX)

Hantz Financial Services Inc. acquired a new position in ChampionX Co. (NASDAQ:CHX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 44,405 shares of the company’s stock, valued at approximately $1,475,000.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in ChampionX by 0.3% during the fourth quarter. Vanguard Group Inc. now owns 20,033,091 shares of the company’s stock worth $585,167,000 after acquiring an additional 62,967 shares during the period. Brown Advisory Inc. grew its holdings in ChampionX by 1.8% during the fourth quarter. Brown Advisory Inc. now owns 6,364,676 shares of the company’s stock worth $185,912,000 after acquiring an additional 110,956 shares during the period. Congress Asset Management Co. MA grew its holdings in ChampionX by 2.1% during the first quarter. Congress Asset Management Co. MA now owns 3,991,117 shares of the company’s stock worth $143,241,000 after acquiring an additional 80,626 shares during the period. Bessemer Group Inc. grew its holdings in ChampionX by 2.6% during the first quarter. Bessemer Group Inc. now owns 3,842,425 shares of the company’s stock worth $137,905,000 after acquiring an additional 99,100 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in ChampionX by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,433,718 shares of the company’s stock worth $100,305,000 after acquiring an additional 349,035 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Down 0.2 %

Shares of CHX opened at $31.13 on Friday. 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 Co. has a 12 month low of $25.46 and a 12 month high of $39.95. The stock’s 50 day moving average is $32.57 and its two-hundred day moving average is $33.13. The firm has a market cap of $5.93 billion, a P/E ratio of 16.92, a PEG ratio of 1.37 and a beta of 2.41.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings data on Wednesday, July 24th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.11). ChampionX had a net margin of 8.66% and a return on equity of 19.72%. The business had revenue of $893.30 million during the quarter, compared to analyst estimates of $954.91 million. During the same period in the previous year, the business posted $0.48 earnings per share. The firm’s revenue for the quarter was down 3.6% on a year-over-year basis. Analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 25th. Stockholders of record on Friday, October 4th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, October 4th. ChampionX’s dividend payout ratio is presently 20.65%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler dropped their target price on ChampionX from $40.00 to $33.00 and set a “neutral” rating on the stock in a report on Monday, July 15th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $39.00.

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.