ChampionX Co. (NASDAQ:CHX) Shares Bought by Victory Capital Management Inc.

Victory Capital Management Inc. raised its holdings in ChampionX Co. (NASDAQ:CHX) by 30.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 76,484 shares of the company’s stock after purchasing an additional 18,006 shares during the period. Victory Capital Management Inc.’s holdings in ChampionX were worth $2,080,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in CHX. Pacer Advisors Inc. lifted 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 buying an additional 532 shares in the last quarter. Jones Financial Companies Lllp raised its position in ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after acquiring an additional 559 shares during the period. HighTower Advisors LLC lifted its holdings in ChampionX by 4.3% during the third quarter. HighTower Advisors LLC now owns 13,621 shares of the company’s stock valued at $405,000 after purchasing an additional 564 shares in the last quarter. Coldstream Capital Management Inc. grew its position in shares of ChampionX by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock valued at $290,000 after purchasing an additional 594 shares during the period. Finally, Hudson Edge Investment Partners Inc. increased its stake in shares of ChampionX by 4.8% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,150 shares of the company’s stock worth $412,000 after purchasing an additional 700 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Up 1.0 %

CHX opened at $29.65 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a twelve month low of $25.57 and a twelve month high of $39.95. The company has a market cap of $5.66 billion, a PE ratio of 17.97 and a beta of 2.28. The company has a 50-day moving average price of $29.19 and a 200 day moving average price of $29.46.

ChampionX (NASDAQ:CHX) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Sell-side analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.28%. ChampionX’s dividend payout ratio (DPR) is presently 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.