Schroder Investment Management Group Purchases Shares of 17,342 ChampionX Co. (NASDAQ:CHX)

Schroder Investment Management Group purchased a new stake in ChampionX Co. (NASDAQ:CHX - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,342 shares of the company's stock, valued at approximately $472,000.

Several other institutional investors and hedge funds have also recently modified their holdings of CHX. Arizona State Retirement System increased its stake in ChampionX by 0.8% in the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company's stock valued at $1,503,000 after acquiring an additional 436 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of ChampionX by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company's stock valued at $772,000 after purchasing an additional 532 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of 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 purchasing an additional 559 shares during the last quarter. HighTower Advisors LLC raised its holdings in shares of ChampionX by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock valued at $405,000 after buying an additional 564 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its position in ChampionX by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company's stock worth $290,000 after buying an additional 594 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

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ChampionX Price Performance

Shares of CHX stock traded up $1.08 during trading hours on Friday, hitting $24.47. 5,858,165 shares of the company's stock were exchanged, compared to its average volume of 2,511,967. The company has a market capitalization of $4.67 billion, a PE ratio of 14.83 and a beta of 1.81. ChampionX Co. has a 12-month low of $21.92 and a 12-month high of $39.00. The business's 50 day simple moving average is $28.49 and its 200-day simple moving average is $29.15. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, equities research analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 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.