Quantbot Technologies LP Acquires 56,001 Shares of ChampionX Co. (NASDAQ:CHX)

Quantbot Technologies LP boosted its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 82.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 124,139 shares of the company's stock after acquiring an additional 56,001 shares during the period. Quantbot Technologies LP owned 0.07% of ChampionX worth $3,375,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock valued at $6,693,000 after purchasing an additional 136,132 shares during the last quarter. Van ECK Associates Corp grew its holdings in ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after acquiring an additional 9,056 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of ChampionX during the fourth quarter worth $12,080,000. Silphium Asset Management Ltd increased its stake in shares of ChampionX by 88.1% in the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock valued at $9,955,000 after buying an additional 171,531 shares during the period. Finally, State Street Corp boosted its holdings in ChampionX by 1.7% in the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock valued at $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 Trading Up 0.1 %

CHX stock traded up $0.04 during midday trading on Wednesday, hitting $30.37. The stock had a trading volume of 3,049,896 shares, compared to its average volume of 2,164,260. 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 business has a fifty day moving average price of $29.42 and a two-hundred day moving average price of $29.45. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95. The firm has a market cap of $5.79 billion, a P/E ratio of 18.41 and a beta of 2.28.

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

ChampionX Dividend Announcement

The business 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. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio is currently 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.