Mitsubishi UFJ Trust & Banking Corp Has $2.74 Million Stake in ChampionX Co. (NASDAQ:CHX)

Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 17.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,804 shares of the company's stock after purchasing an additional 15,263 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.05% of ChampionX worth $2,741,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in ChampionX by 123.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after purchasing an additional 136,132 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after buying an additional 9,056 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in ChampionX in the 4th quarter valued at approximately $12,080,000. Silphium Asset Management Ltd lifted its stake in ChampionX by 88.1% in the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock valued at $9,955,000 after acquiring an additional 171,531 shares in the last quarter. Finally, State Street Corp boosted its position in ChampionX by 1.7% during the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company's stock worth $223,776,000 after acquiring an additional 122,622 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

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ChampionX Stock Down 11.9 %

Shares of NASDAQ CHX traded down $3.29 during midday trading on Friday, reaching $24.35. The company's stock had a trading volume of 12,117,653 shares, compared to its average volume of 2,365,133. The stock has a 50 day simple moving average of $29.24 and a 200-day simple moving average of $29.46. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.76 and a beta of 1.81. ChampionX Co. has a fifty-two week low of $23.66 and a fifty-two week high of $39.95.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly 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%. Equities research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given 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 1.56%. ChampionX's dividend payout ratio (DPR) is presently 23.03%.

ChampionX 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.