ChampionX Co. (NASDAQ:CHX) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of ChampionX Co. (NASDAQ:CHX) by 123.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 246,152 shares of the company’s stock after acquiring an additional 136,132 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS owned approximately 0.13% of ChampionX worth $6,693,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CHX. Van ECK Associates Corp raised its position in shares of ChampionX by 0.3% in the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock valued at $71,764,000 after purchasing an additional 9,056 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of ChampionX in the 4th quarter valued at approximately $12,080,000. Silphium Asset Management Ltd raised its position in shares of ChampionX by 88.1% in the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock valued at $9,955,000 after purchasing an additional 171,531 shares in the last quarter. State Street Corp increased its holdings in shares of ChampionX by 1.7% in the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after acquiring an additional 122,622 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of ChampionX by 147.2% in the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock valued at $10,766,000 after acquiring an additional 212,654 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Price Performance

Shares of NASDAQ CHX opened at $29.54 on Friday. ChampionX Co. has a twelve month low of $25.57 and a twelve month high of $39.95. 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 market capitalization of $5.64 billion, a price-to-earnings ratio of 17.90 and a beta of 2.28. The business has a 50 day simple moving average of $29.34 and a 200-day simple moving average of $29.44.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. As a group, equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. 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.