Hantz Financial Services Inc. Has $930,000 Position in ChampionX Co. (NASDAQ:CHX)

Hantz Financial Services Inc. decreased its position in shares of ChampionX Co. (NASDAQ:CHX) by 30.6% during the 3rd quarter, Holdings Channel reports. The institutional investor 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 quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new position in shares of ChampionX during the second quarter valued at $623,000. Quest Partners LLC boosted its stake in shares of ChampionX by 86.8% in the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock valued at $2,083,000 after purchasing an additional 32,103 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in shares of ChampionX during the 2nd quarter worth approximately $20,677,000. New York State Teachers Retirement System raised its stake in shares of ChampionX by 8.1% during the second quarter. New York State Teachers Retirement System now owns 231,551 shares of the company’s stock worth $7,690,000 after buying an additional 17,259 shares during the last quarter. Finally, Raymond James & Associates lifted its holdings in ChampionX by 3.1% in the third quarter. Raymond James & Associates now owns 225,285 shares of the company’s stock valued at $6,792,000 after buying an additional 6,695 shares during the period. 98.99% of the stock is currently owned by institutional investors.

ChampionX Price Performance

Shares of CHX opened at $30.95 on Monday. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. The stock has a market cap of $5.90 billion, a P/E ratio of 19.22 and a beta of 2.38. The stock’s 50-day moving average price is $30.54 and its two-hundred day moving average price is $31.44. ChampionX Co. has a 1 year low of $25.46 and a 1 year high of $39.95.

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

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 31st. Investors of record on Friday, January 3rd will be given a $0.095 dividend. 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 is currently 23.60%.

Insider Buying and Selling

In related news, insider Deric D. Bryant sold 49,303 shares of the business’s stock in a transaction that occurred 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 directly 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 1.38% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their target price 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.

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.