ChampionX Co. (NASDAQ:CHX) Stake Boosted by Vestcor Inc

Vestcor Inc grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 71.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,032 shares of the company’s stock after acquiring an additional 2,100 shares during the period. Vestcor Inc’s holdings in ChampionX were worth $137,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. boosted its holdings in ChampionX by 19.0% in the third quarter. Victory Capital Management Inc. now owns 58,478 shares of the company’s stock worth $1,763,000 after purchasing an additional 9,333 shares in the last quarter. KBC Group NV boosted its holdings in ChampionX by 18.3% in the third quarter. KBC Group NV now owns 5,827 shares of the company’s stock worth $176,000 after purchasing an additional 903 shares in the last quarter. AMG National Trust Bank boosted its holdings in ChampionX by 2.9% in the third quarter. AMG National Trust Bank now owns 31,399 shares of the company’s stock worth $947,000 after purchasing an additional 882 shares in the last quarter. Quest Partners LLC boosted its holdings in ChampionX by 86.8% in the third quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock worth $2,083,000 after purchasing an additional 32,103 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in ChampionX by 1.4% in the third quarter. PNC Financial Services Group Inc. now owns 54,454 shares of the company’s stock worth $1,642,000 after purchasing an additional 772 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Trading Down 0.5 %

Shares of NASDAQ:CHX opened at $29.49 on Wednesday. The stock has a market capitalization of $5.63 billion, a PE ratio of 17.87 and a beta of 2.28. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95. The firm has a fifty day moving average price of $29.22 and a 200 day moving average price of $29.45. 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) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share 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%. Analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio is 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.