Hantz Financial Services Inc. Sells 13,567 Shares of ChampionX Co. (NASDAQ:CHX)

Hantz Financial Services Inc. lowered its stake in shares of ChampionX Co. (NASDAQ:CHX) by 30.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,838 shares of the company’s stock after selling 13,567 shares during the quarter. Hantz Financial Services Inc.’s holdings in ChampionX were worth $930,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ChampionX by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,571 shares of the company’s stock worth $15,002,000 after purchasing an additional 7,569 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in ChampionX by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,952 shares of the company’s stock worth $1,295,000 after buying an additional 1,011 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in ChampionX by 18.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 295,105 shares of the company’s stock valued at $8,897,000 after acquiring an additional 45,105 shares during the period. Quantbot Technologies LP acquired a new position in ChampionX in the 3rd quarter valued at approximately $2,054,000. Finally, Fisher Asset Management LLC lifted its position in shares of ChampionX by 7.7% in the 3rd quarter. Fisher Asset Management LLC now owns 347,880 shares of the company’s stock worth $10,489,000 after acquiring an additional 24,862 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Stock Performance

NASDAQ CHX opened at $30.95 on Monday. The stock has a market cap of $5.90 billion, a P/E ratio of 19.22 and a beta of 2.38. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.33. ChampionX Co. has a twelve month low of $25.46 and a twelve month high of $39.95. The company’s 50-day simple moving average is $30.54 and its 200 day simple moving average is $31.44.

ChampionX (NASDAQ:CHX) last issued its earnings results on Wednesday, October 23rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.01). ChampionX had a return on equity of 19.74% and a net margin of 8.59%. The company had revenue of $906.53 million during the quarter, compared to analyst estimates of $916.50 million. During the same period in the previous year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 3.5% on a year-over-year basis. As a group, research analysts forecast that ChampionX Co. will post 1.66 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 3rd will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, January 3rd. ChampionX’s dividend payout ratio (DPR) is currently 23.60%.

Insider Activity at ChampionX

In other ChampionX news, insider Deric D. Bryant sold 49,303 shares of ChampionX stock in a transaction on 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 approximately $10,142,514.54. The trade was a 12.75 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.38% of the stock is currently owned by insiders.

Analyst Ratings Changes

Separately, Citigroup cut their target price on ChampionX from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 14th.

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.