Arrowstreet Capital Limited Partnership Takes $2.99 Million Position in ChampionX Co. (NASDAQ:CHX)

Arrowstreet Capital Limited Partnership acquired a new position in ChampionX Co. (NASDAQ:CHX - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 109,904 shares of the company's stock, valued at approximately $2,988,000. Arrowstreet Capital Limited Partnership owned approximately 0.06% of ChampionX at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after purchasing an additional 136,132 shares in the last quarter. Van ECK Associates Corp grew its position in ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after purchasing an additional 9,056 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ChampionX in the fourth quarter worth $12,080,000. Silphium Asset Management Ltd raised its holdings in shares of ChampionX by 88.1% during the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock worth $9,955,000 after acquiring an additional 171,531 shares in the last quarter. Finally, State Street Corp boosted its position in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock valued at $223,776,000 after purchasing an additional 122,622 shares during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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ChampionX Stock Up 0.2 %

CHX stock traded up $0.06 during mid-day trading on Tuesday, hitting $24.54. The stock had a trading volume of 313,471 shares, compared to its average volume of 4,396,957. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $37.06. The company has a fifty day moving average of $28.39 and a 200 day moving average of $29.10. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 14.87 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. On average, equities analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.55%. ChampionX's dividend payout ratio is currently 23.03%.

ChampionX Company 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.