Trexquant Investment LP Purchases Shares of 98,888 ChampionX Co. (NASDAQ:CHX)

Trexquant Investment LP acquired a new position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 98,888 shares of the company's stock, valued at approximately $2,689,000. Trexquant Investment LP owned about 0.05% of ChampionX as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CHX. Vanguard Group Inc. raised its stake in shares of ChampionX by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock valued at $542,830,000 after acquiring an additional 227,627 shares during the last quarter. State Street Corp increased 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 purchasing an additional 122,622 shares during the period. Geode Capital Management LLC raised its position in ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock worth $139,239,000 after purchasing an additional 63,119 shares during the last quarter. Norges Bank acquired a new position in ChampionX during the 4th quarter worth about $74,032,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of ChampionX by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock valued at $72,853,000 after buying an additional 56,283 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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ChampionX Trading Up 4.6 %

Shares of CHX stock traded up $1.08 on Friday, hitting $24.47. The company had a trading volume of 5,858,165 shares, compared to its average volume of 2,511,967. ChampionX Co. has a twelve month low of $21.92 and a twelve month high of $39.00. 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 firm has a market cap of $4.67 billion, a P/E ratio of 14.83 and a beta of 1.81. The stock's 50-day moving average is $28.49 and its two-hundred day moving average is $29.15.

ChampionX (NASDAQ:CHX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating 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 fiscal year.

ChampionX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 yield of 1.55%. ChampionX's payout ratio is 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.