Squarepoint Ops LLC Has $25.13 Million Holdings in ChampionX Co. (NASDAQ:CHX)

Squarepoint Ops LLC lessened its position in shares of ChampionX Co. (NASDAQ:CHX) by 6.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 924,237 shares of the company’s stock after selling 68,116 shares during the period. Squarepoint Ops LLC’s holdings in ChampionX were worth $25,130,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. Tidal Investments LLC raised its stake in ChampionX by 25.4% during the fourth quarter. Tidal Investments LLC now owns 35,846 shares of the company’s stock worth $975,000 after buying an additional 7,272 shares during the last quarter. Teza Capital Management LLC bought a new position in ChampionX during the fourth quarter worth $277,000. Snowden Capital Advisors LLC raised its stake in ChampionX by 3.6% during the fourth quarter. Snowden Capital Advisors LLC now owns 12,199 shares of the company’s stock worth $332,000 after buying an additional 419 shares during the last quarter. ProShare Advisors LLC raised its stake in ChampionX by 37.4% during the fourth quarter. ProShare Advisors LLC now owns 69,365 shares of the company’s stock worth $1,886,000 after buying an additional 18,898 shares during the last quarter. Finally, Nomura Holdings Inc. bought a new position in ChampionX during the fourth quarter worth $686,000. Institutional investors own 98.99% of the company’s stock.

ChampionX Trading Down 1.4%

CHX opened at $25.15 on Wednesday. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $35.94. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a market cap of $4.81 billion, a P/E ratio of 15.24 and a beta of 1.52. The company has a fifty day moving average price of $26.27 and a two-hundred day moving average price of $28.15.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The firm had revenue of $864.46 million during the quarter, compared to the consensus estimate of $900.59 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The business’s revenue was down 6.3% compared to the same quarter last year. Analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 25th. Stockholders of record on Thursday, July 3rd will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, July 3rd. ChampionX’s payout ratio is presently 25.17%.

Analysts Set New Price Targets

Separately, Stifel Nicolaus lifted their price target on shares of ChampionX from $39.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, May 5th.

ChampionX 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.