ChampionX Co. (NASDAQ:CHX) Shares Purchased by Magnetar Financial LLC

Magnetar Financial LLC boosted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 2.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,344,608 shares of the company's stock after purchasing an additional 50,545 shares during the quarter. ChampionX makes up 1.5% of Magnetar Financial LLC's portfolio, making the stock its 17th biggest holding. Magnetar Financial LLC owned 1.23% of ChampionX worth $63,750,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of CHX. Jones Financial Companies Lllp grew its holdings in ChampionX by 153.2% during the 4th 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 boosted its stake 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 purchased a new stake in shares of ChampionX during the fourth quarter worth about $103,000. Vestcor Inc lifted its stake in shares of ChampionX by 71.6% during 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 during the period. Finally, KBC Group NV boosted its stake in ChampionX by 18.3% in the 3rd quarter. KBC Group NV now owns 5,827 shares of the company's stock worth $176,000 after buying an additional 903 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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ChampionX Trading Up 1.3 %

CHX stock traded up $0.39 during trading on Monday, reaching $29.93. 2,371,555 shares of the stock traded hands, compared to its average volume of 2,156,150. The firm has a market capitalization of $5.71 billion, a PE ratio of 18.14 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 moving average price is $29.34 and its 200-day moving average price is $29.44. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95.

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%. As a group, sell-side 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. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. ChampionX's payout ratio is 23.03%.

ChampionX Company 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.