Fisher Asset Management LLC Purchases 24,862 Shares of ChampionX Co. (NASDAQ:CHX)

Fisher Asset Management LLC increased its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 7.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 347,880 shares of the company’s stock after buying an additional 24,862 shares during the period. Fisher Asset Management LLC owned about 0.18% of ChampionX worth $10,489,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CHX. Blue Trust Inc. boosted its holdings in ChampionX by 442.4% in the third quarter. Blue Trust Inc. now owns 1,329 shares of the company’s stock valued at $44,000 after acquiring an additional 1,084 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of ChampionX in the 2nd quarter worth about $68,000. UMB Bank n.a. boosted its holdings in ChampionX by 63.7% during the 3rd quarter. UMB Bank n.a. now owns 2,266 shares of the company’s stock worth $68,000 after acquiring an additional 882 shares during the last quarter. KBC Group NV grew its holdings in shares of ChampionX by 18.3% in the third quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after acquiring an additional 903 shares in the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new position in shares of ChampionX in the 2nd quarter worth about $194,000. Institutional investors own 98.99% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup decreased their price objective on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a report on Thursday, November 14th.

Insider Activity at ChampionX

In other ChampionX news, insider Deric D. Bryant sold 49,303 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total value of $1,482,048.18. Following the completion of the transaction, the insider now owns 337,409 shares in the company, valued at $10,142,514.54. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 1.38% of the stock is owned by company insiders.

ChampionX Stock Up 0.5 %

Shares of NASDAQ CHX opened at $30.70 on Thursday. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.94 and a quick ratio of 1.20. The stock has a market capitalization of $5.85 billion, a PE ratio of 19.07 and a beta of 2.38. ChampionX Co. has a one year low of $25.46 and a one year high of $39.95. The business’s fifty day moving average price is $30.51 and its 200-day moving average price is $31.50.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data on Wednesday, October 23rd. The company reported $0.44 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.01). The business had revenue of $906.53 million for the quarter, compared to analysts’ expectations of $916.50 million. ChampionX had a net margin of 8.59% and a return on equity of 19.74%. ChampionX’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period last year, the company earned $0.41 earnings per share. On average, equities research analysts anticipate that ChampionX Co. will post 1.66 EPS for the current year.

ChampionX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 3rd will be paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.38 dividend on an annualized basis and a yield of 1.24%. ChampionX’s dividend payout ratio is 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.