Shares of ChampionX Co. (NASDAQ:CHX - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $21.92 and last traded at $25.35, with a volume of 8747093 shares trading hands. The stock had previously closed at $22.52.
ChampionX Stock Up 0.6 %
The stock has a 50-day moving average of $28.39 and a 200-day moving average of $29.10. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a market cap of $4.70 billion, a price-to-earnings ratio of 14.89 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%. Sell-side analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal 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 1.54%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 23.03%.
Institutional Investors Weigh In On ChampionX
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. increased its position in ChampionX by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock worth $542,830,000 after purchasing an additional 227,627 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of ChampionX by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock valued at $139,239,000 after acquiring an additional 63,119 shares during the last quarter. Westchester Capital Management LLC boosted its holdings in shares of ChampionX by 14.7% during the 4th quarter. Westchester Capital Management LLC now owns 3,243,134 shares of the company's stock valued at $88,181,000 after acquiring an additional 414,995 shares in the last quarter. Northern Trust Corp grew its position in ChampionX by 10.9% during the 4th quarter. Northern Trust Corp now owns 2,917,978 shares of the company's stock worth $79,340,000 after acquiring an additional 286,853 shares during the last quarter. Finally, AQR Arbitrage LLC increased its holdings in ChampionX by 7.4% in the 4th quarter. AQR Arbitrage LLC now owns 2,808,543 shares of the company's stock worth $75,859,000 after purchasing an additional 194,219 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.
ChampionX Company Profile
(
Get Free Report)
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.
Further Reading
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