ChampionX
About: ChampionX provides chemical solutions and equipment for onshore and offshore oil and gas production. Its engineering expertise spans the well lifecycle, but the firm maintains a particular focus on the production phase. Key offerings include artificial lift services and drilling technologies, specializing in polycrystalline diamond cutter inserts. ChampionX was formed after Apergy acquired its chemical technologies business from Ecolab in 2020.
Employees: 7,100
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
244% more call options, than puts
Call options by funds: $17.3M | Put options by funds: $5.04M
41% more first-time investments, than exits
New positions opened: 99 | Existing positions closed: 70
40% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 7 (+2) [Q2]
7% more funds holding
Funds holding: 394 [Q1] → 423 (+29) [Q2]
8.72% less ownership
Funds ownership: 103.26% [Q1] → 94.54% (-8.72%) [Q2]
16% less capital invested
Capital invested by funds: $7.07B [Q1] → $5.97B (-$1.1B) [Q2]
37% less repeat investments, than reductions
Existing positions increased: 99 | Existing positions reduced: 157
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
Citigroup Scott Gruber 57% 1-year accuracy 12 / 21 met price target | 30%upside $40 | Buy Maintained | 14 Nov 2024 |
