Victory Capital Management Inc. Buys 18,006 Shares of ChampionX Co. (NASDAQ:CHX)

Victory Capital Management Inc. grew its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 30.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 76,484 shares of the company's stock after acquiring an additional 18,006 shares during the period. Victory Capital Management Inc.'s holdings in ChampionX were worth $2,080,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Van ECK Associates Corp lifted its position in shares of ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after acquiring an additional 9,056 shares during the last quarter. Silphium Asset Management Ltd lifted its position in shares of ChampionX by 88.1% during the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock valued at $9,955,000 after acquiring an additional 171,531 shares during the last quarter. Quest Partners LLC raised its stake in ChampionX by 86.8% during the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company's stock valued at $2,083,000 after purchasing an additional 32,103 shares during the period. State Street Corp raised its stake in ChampionX by 1.7% during the 3rd 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 period. Finally, Barclays PLC raised its stake in ChampionX by 147.2% during the 3rd quarter. Barclays PLC now owns 357,081 shares of the company's stock valued at $10,766,000 after purchasing an additional 212,654 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

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ChampionX Stock Down 0.2 %

NASDAQ:CHX traded down $0.06 during trading hours on Friday, hitting $29.54. 7,097,502 shares of the stock traded hands, compared to its average volume of 2,146,545. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95. 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 firm has a market cap of $5.64 billion, a price-to-earnings ratio of 17.90 and a beta of 2.28. The firm has a 50 day moving average price of $29.30 and a 200 day moving average price of $29.45.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. Equities research analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 yield of 1.29%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is 23.03%.

ChampionX 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.