New Age Alpha Advisors LLC Purchases Shares of 7,551 ChampionX Co. (NASDAQ:CHX)

New Age Alpha Advisors LLC acquired a new position in shares of ChampionX Co. (NASDAQ:CHX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,551 shares of the company’s stock, valued at approximately $205,000.

A number of other large investors have also made changes to their positions in the stock. Norges Bank bought a new position in ChampionX during the fourth quarter valued at about $74,032,000. JPMorgan Chase & Co. grew its holdings in shares of ChampionX by 18.5% during the 4th quarter. JPMorgan Chase & Co. now owns 2,117,132 shares of the company’s stock worth $57,565,000 after purchasing an additional 330,829 shares in the last quarter. Elo Mutual Pension Insurance Co bought a new stake in shares of ChampionX during the fourth quarter valued at approximately $355,000. Mint Tower Capital Management B.V. acquired a new position in shares of ChampionX in the fourth quarter valued at $1,510,000. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in ChampionX by 17.8% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 100,804 shares of the company’s stock worth $2,741,000 after purchasing an additional 15,263 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Down 0.0 %

Shares of ChampionX stock opened at $30.01 on Thursday. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95. The firm has a market capitalization of $5.73 billion, a PE ratio of 18.19 and a beta of 2.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The company’s fifty day moving average price is $29.40 and its two-hundred day moving average price is $29.51.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) 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%. On average, analysts expect that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. ChampionX’s dividend payout ratio (DPR) is presently 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.