Barclays PLC Increases Stock Position in ChampionX Co. (NASDAQ:CHX)

Barclays PLC grew its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 43.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 511,092 shares of the company's stock after acquiring an additional 154,011 shares during the period. Barclays PLC owned about 0.27% of ChampionX worth $13,897,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System increased its position in shares of ChampionX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company's stock valued at $1,503,000 after buying an additional 436 shares during the period. Pacer Advisors Inc. boosted its position in shares of ChampionX by 1.9% during the fourth quarter. Pacer Advisors Inc. now owns 28,394 shares of the company's stock valued at $772,000 after purchasing an additional 532 shares in the last quarter. Jones Financial Companies Lllp grew its stake in ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after purchasing an additional 559 shares during the period. HighTower Advisors LLC lifted its position in ChampionX by 4.3% during the third quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock valued at $405,000 after buying an additional 564 shares during the period. Finally, Hudson Edge Investment Partners Inc. boosted its holdings in shares of ChampionX by 4.8% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 15,150 shares of the company's stock valued at $412,000 after buying an additional 700 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Up 2.6 %

Shares of ChampionX stock traded up $0.65 during trading on Thursday, hitting $25.24. The company's stock had a trading volume of 3,553,768 shares, compared to its average volume of 2,542,144. ChampionX Co. has a 52 week low of $21.92 and a 52 week high of $35.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The company has a fifty day simple moving average of $27.79 and a two-hundred day simple moving average of $28.82. The company has a market capitalization of $4.82 billion, a PE ratio of 15.30 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results 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%. Equities research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The company 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Friday, April 4th. ChampionX's payout ratio is 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.