Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Position in ChampionX Co. (NASDAQ:CHX)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 123.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246,152 shares of the company's stock after buying an additional 136,132 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned 0.13% of ChampionX worth $6,693,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHX. Jones Financial Companies Lllp boosted its position in shares of ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after purchasing an additional 559 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after acquiring an additional 1,725 shares in the last quarter. R Squared Ltd acquired a new stake in ChampionX in the fourth quarter valued at approximately $103,000. Vestcor Inc raised its position in shares of ChampionX by 71.6% during the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after purchasing an additional 2,100 shares during the period. Finally, KBC Group NV lifted its holdings in shares of ChampionX by 42.3% in the 4th quarter. KBC Group NV now owns 8,289 shares of the company's stock worth $225,000 after purchasing an additional 2,462 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

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ChampionX Stock Down 0.7 %

Shares of ChampionX stock traded down $0.22 during trading hours on Thursday, reaching $30.15. The company's stock had a trading volume of 22,127,588 shares, compared to its average volume of 2,249,606. 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 stock's fifty day simple moving average is $29.45 and its two-hundred day simple moving average is $29.46. The company has a market capitalization of $5.75 billion, a P/E ratio of 18.27 and a beta of 2.28. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95.

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

ChampionX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.26%. ChampionX's payout ratio is presently 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.