Raymond James Financial Inc. Invests $12.08 Million in ChampionX Co. (NASDAQ:CHX)

Raymond James Financial Inc. bought a new position in ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 444,255 shares of the company's stock, valued at approximately $12,080,000. Raymond James Financial Inc. owned approximately 0.23% of ChampionX at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp raised its position in ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after purchasing an additional 9,056 shares during the period. Silphium Asset Management Ltd raised its position in ChampionX by 88.1% during the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock valued at $9,955,000 after purchasing an additional 171,531 shares during the period. State Street Corp raised its position in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock valued at $223,776,000 after purchasing an additional 122,622 shares during the period. Barclays PLC raised its position in ChampionX by 147.2% during the third quarter. Barclays PLC now owns 357,081 shares of the company's stock valued at $10,766,000 after purchasing an additional 212,654 shares during the period. Finally, Geode Capital Management LLC raised its position in ChampionX by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock valued at $139,239,000 after purchasing an additional 63,119 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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ChampionX Trading Down 0.2 %

CHX stock traded down $0.06 during midday trading on Friday, reaching $29.54. 7,189,167 shares of the company traded hands, compared to its average volume of 2,155,295. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The business has a 50 day moving average of $29.34 and a 200-day moving average of $29.44. The firm has a market capitalization of $5.64 billion, a price-to-earnings ratio of 17.90 and a beta of 2.28.

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

ChampionX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. ChampionX's payout ratio is 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.