Chartwell Investment Partners LLC purchased a new stake in ChampionX Corporation (NYSE:CHX) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 408,652 shares of the company’s stock, valued at approximately $3,988,000. Chartwell Investment Partners LLC owned approximately 0.53% of ChampionX at the end of the most recent reporting period.
Other hedge funds also recently bought and sold shares of the company. First Trust Advisors LP bought a new position in ChampionX in the 2nd quarter valued at $24,080,000. Wedge Capital Management L L P NC acquired a new stake in ChampionX during the 2nd quarter worth $8,125,000. Raymond James & Associates bought a new stake in shares of ChampionX during the 2nd quarter valued at $3,462,000. Viking Fund Management LLC acquired a new position in shares of ChampionX in the 2nd quarter valued at $2,928,000. Finally, New York State Teachers Retirement System bought a new position in shares of ChampionX in the 2nd quarter worth $1,548,000. Hedge funds and other institutional investors own 93.34% of the company’s stock.
NYSE:CHX opened at $9.51 on Friday. The company has a debt-to-equity ratio of 1.43, a current ratio of 2.54 and a quick ratio of 1.50. The company’s 50-day simple moving average is $9.59. ChampionX Corporation has a fifty-two week low of $2.89 and a fifty-two week high of $34.80. The company has a market cap of $736.96 million, a PE ratio of 12.04 and a beta of 3.57.
A number of equities analysts have issued reports on CHX shares. Bank of America assumed coverage on ChampionX in a report on Monday, June 22nd. They set a “buy” rating and a $12.00 target price on the stock. ValuEngine upgraded shares of ChampionX from a “hold” rating to a “buy” rating in a report on Thursday, July 2nd. Stifel Nicolaus assumed coverage on shares of ChampionX in a report on Thursday, June 25th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Zacks Investment Research cut shares of ChampionX from a “buy” rating to a “hold” rating in a research report on Friday.
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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