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Chevy Chase Trust Holdings LLC raised its position in ChampionX Co. (NASDAQ:CHX – Free Report) by 16.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,429,265 shares of the company’s stock after purchasing an additional 202,050 shares during the period. Chevy Chase Trust Holdings LLC owned 0.73% […]
Top oilfield services company said on Tuesday it will buy smaller rival ChampionX in an all-stock deal valued at $7.75 billion, amid growing consolidation in the North American energy sector.
The acquisition will help SLB expand its artificial lift technology, which helps keep output from older wells flowing. SLB has the biggest market share in artificial lift with 21%, and ChampionX will add to that with its 5% of the market, according to Evercore ISI, citing data from industry consultant Spears & Associates.
ChampionX Co. (NASDAQ:CHX – Get Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 8,720,000 shares, an increase of 6.2% from the February 29th total of 8,210,000 shares. Approximately 4.6% of the shares of the company are sold short. Based on […]
Shares of ChampionX Co. (NASDAQ:CHX – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among […]