Aigen Investment Management LP Buys 32,992 Shares of ChampionX Co. (NASDAQ:CHX)

Aigen Investment Management LP grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 467.0% during the fourth quarter, HoldingsChannel reports. The firm owned 40,057 shares of the company’s stock after purchasing an additional 32,992 shares during the quarter. Aigen Investment Management LP’s holdings in ChampionX were worth $1,089,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC grew its holdings in ChampionX by 13.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 21,527 shares of the company’s stock worth $649,000 after purchasing an additional 2,485 shares during the period. State of Alaska Department of Revenue grew its holdings in ChampionX by 7.2% in the third quarter. State of Alaska Department of Revenue now owns 22,238 shares of the company’s stock worth $670,000 after purchasing an additional 1,500 shares during the period. Leeward Investments LLC MA grew its holdings in ChampionX by 19.1% in the third quarter. Leeward Investments LLC MA now owns 1,067,589 shares of the company’s stock worth $32,188,000 after purchasing an additional 171,097 shares during the period. Assetmark Inc. grew its holdings in ChampionX by 8.9% in the third quarter. Assetmark Inc. now owns 49,748 shares of the company’s stock worth $1,500,000 after purchasing an additional 4,058 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in ChampionX by 29.6% in the third quarter. Wolverine Asset Management LLC now owns 106,836 shares of the company’s stock worth $3,221,000 after purchasing an additional 24,392 shares during the period. Institutional investors own 98.99% of the company’s stock.

Analyst Ratings Changes

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

ChampionX Trading Up 1.0 %

NASDAQ:CHX opened at $28.26 on Thursday. The company’s 50 day moving average price is $28.87 and its 200-day moving average price is $29.62. ChampionX Co. has a 52 week low of $25.57 and a 52 week high of $39.95. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock has a market cap of $5.39 billion, a price-to-earnings ratio of 17.13 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, equities research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.34%. ChampionX’s dividend payout ratio (DPR) is 23.03%.

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.