Cibc World Markets Corp Purchases Shares of 17,855 ChampionX Co. (NASDAQ:CHX)

Cibc World Markets Corp purchased a new stake in ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 17,855 shares of the company's stock, valued at approximately $485,000.

Other institutional investors also recently bought and sold shares of the company. Jones Financial Companies Lllp raised its position in shares of ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after buying an additional 559 shares during the last quarter. Venturi Wealth Management LLC grew its stake in ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after acquiring an additional 1,725 shares in the last quarter. R Squared Ltd acquired a new stake in ChampionX in the 4th quarter valued at about $103,000. Vestcor Inc lifted its stake in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after purchasing an additional 2,100 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of ChampionX by 42.3% during 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 during the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Price Performance

Shares of NASDAQ:CHX traded down $0.22 during midday trading on Thursday, hitting $30.15. The company had a trading volume of 22,127,588 shares, compared to its average volume of 2,249,606. ChampionX Co. has a twelve month low of $25.57 and a twelve month high of $39.95. The stock has a market cap of $5.75 billion, a price-to-earnings ratio of 18.27 and a beta of 2.28. 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 business's 50-day simple moving average is $29.45 and its 200-day simple moving average is $29.46.

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ChampionX (NASDAQ:CHX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (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, research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 23.03%.

About ChampionX

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.