55,533 Shares in ChampionX Co. (NASDAQ:CHX) Purchased by Mint Tower Capital Management B.V.

Mint Tower Capital Management B.V. purchased a new position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 55,533 shares of the company's stock, valued at approximately $1,510,000.

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

ChampionX Stock Up 0.1 %

Shares of CHX traded up $0.03 during mid-day trading on Monday, reaching $29.90. 799,993 shares of the stock traded hands, compared to its average volume of 2,356,396. The firm has a market cap of $5.71 billion, a price-to-earnings ratio of 18.12 and a beta of 2.28. The stock has a fifty day simple moving average of $29.44 and a 200 day simple moving average of $29.49. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95.

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ChampionX (NASDAQ:CHX - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.27%. ChampionX's dividend payout ratio 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.