ExodusPoint Capital Management LP Purchases 16,220 Shares of ChampionX Co. (NASDAQ:CHX)

ExodusPoint Capital Management LP grew its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 85,100 shares of the company's stock after acquiring an additional 16,220 shares during the quarter. ExodusPoint Capital Management LP's holdings in ChampionX were worth $2,314,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp increased 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 acquiring an additional 559 shares during the last quarter. Venturi Wealth Management LLC increased its position in shares of ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after purchasing an additional 1,725 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ChampionX in the 4th quarter valued at approximately $103,000. Vestcor Inc grew its stake in shares of ChampionX by 71.6% in the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock valued at $137,000 after buying an additional 2,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its holdings in ChampionX by 82,557.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock worth $157,000 after buying an additional 5,779 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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ChampionX Stock Performance

CHX stock traded up $1.08 during trading hours on Friday, reaching $24.47. The stock had a trading volume of 5,858,165 shares, compared to its average volume of 2,511,967. The stock has a market capitalization of $4.67 billion, a PE ratio of 14.83 and a beta of 1.81. The stock has a 50-day simple moving average of $28.49 and a 200 day simple moving average of $29.15. ChampionX Co. has a fifty-two week low of $21.92 and a fifty-two week high of $39.00. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

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, beating the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. Analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.55%. 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.