Virtu Financial LLC Buys Shares of 59,873 ChampionX Co. (NASDAQ:CHX)

Virtu Financial LLC acquired a new position in ChampionX Co. (NASDAQ:CHX - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 59,873 shares of the company's stock, valued at approximately $1,628,000.

Several other large investors have also recently bought and sold shares of CHX. Quantbot Technologies LP grew its position in ChampionX by 82.2% during the fourth quarter. Quantbot Technologies LP now owns 124,139 shares of the company's stock worth $3,375,000 after buying an additional 56,001 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of ChampionX by 123.7% in the fourth 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 in the last quarter. Magnetar Financial LLC lifted its position in ChampionX by 2.2% in the fourth quarter. Magnetar Financial LLC now owns 2,344,608 shares of the company's stock worth $63,750,000 after purchasing an additional 50,545 shares during the period. Xponance Inc. increased its holdings in ChampionX by 6.1% in the 4th quarter. Xponance Inc. now owns 27,389 shares of the company's stock valued at $745,000 after buying an additional 1,578 shares during the period. Finally, Boston Partners lifted its holdings in shares of ChampionX by 21.4% during the 4th quarter. Boston Partners now owns 1,216,169 shares of the company's stock worth $33,603,000 after acquiring an additional 214,066 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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ChampionX Price Performance

CHX stock traded down $0.22 during trading on Thursday, hitting $30.15. The company had a trading volume of 22,127,588 shares, compared to its average volume of 2,249,606. 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 company has a fifty day moving average price of $29.45 and a two-hundred day moving average price of $29.46. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95. The company has a market cap of $5.75 billion, a P/E ratio of 18.27 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 for the quarter, topping 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 expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The company 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. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.26%. ChampionX's dividend payout ratio is currently 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.