Chartwell Investment Partners LLC bought a new position in shares of ChampionX Corporation (NYSE:CHX) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 408,652 shares of the company’s stock, valued at approximately $3,988,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHX. American Research & Management Co. acquired a new position in ChampionX in the second quarter valued at about $25,000. Endurance Wealth Management Inc. bought a new position in ChampionX in the 2nd quarter valued at about $27,000. Toth Financial Advisory Corp acquired a new position in shares of ChampionX in the 2nd quarter valued at approximately $45,000. CWM LLC bought a new stake in shares of ChampionX during the 2nd quarter worth approximately $73,000. Finally, Dupont Capital Management Corp bought a new stake in shares of ChampionX during the 2nd quarter worth approximately $99,000. 93.34% of the stock is currently owned by institutional investors.
Several research analysts have commented on the stock. ValuEngine upgraded shares of ChampionX from a “hold” rating to a “buy” rating in a research report on Thursday, July 2nd. Stifel Nicolaus initiated coverage on ChampionX in a research note on Thursday, June 25th. They issued a “buy” rating and a $15.00 price target on the stock. Bank of America assumed coverage on ChampionX in a research report on Monday, June 22nd. They set a “buy” rating and a $12.00 price objective for the company. Finally, Zacks Investment Research cut ChampionX from a “buy” rating to a “hold” rating in a research report on Friday.
Shares of NYSE:CHX opened at $9.51 on Friday. The company has a market cap of $736.96 million, a P/E ratio of 12.04 and a beta of 3.57. The company has a debt-to-equity ratio of 1.43, a quick ratio of 1.50 and a current ratio of 2.54. The company has a 50 day moving average of $9.59. ChampionX Corporation has a one year low of $2.89 and a one year high of $34.80.
ChampionX Company Profile
As of June 3, 2020, ChampionX Holding Inc was acquired by Apergy Corporation. Championx Holding Inc engages in upstream business. The company offers technology-driven chemistry programs and value-enabling solutions and services to the global upstream oil and natural gas industry. It provides reservoir management, onshore and offshore production, midstream management, and water capabilities.
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