ChampionX Co. (NASDAQ:CHX) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC grew its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 39.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 481,016 shares of the company's stock after purchasing an additional 136,800 shares during the period. Renaissance Technologies LLC owned approximately 0.25% of ChampionX worth $13,079,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HighTower Advisors LLC lifted its position in shares of ChampionX by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock valued at $405,000 after acquiring an additional 564 shares during the period. Quantinno Capital Management LP acquired a new position in shares of ChampionX during the 3rd quarter worth $265,000. Barclays PLC boosted its position in shares of ChampionX by 147.2% in the 3rd quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after buying an additional 212,654 shares in the last quarter. Geode Capital Management LLC increased its holdings in ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock valued at $139,239,000 after acquiring an additional 63,119 shares in the last quarter. Finally, Oddo BHF Asset Management Sas acquired a new stake in shares of ChampionX in the third quarter valued at approximately $15,075,000. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Trading Down 2.0 %

CHX stock traded down $0.52 on Monday, hitting $24.89. 286,574 shares of the company were exchanged, compared to its average volume of 2,518,057. The stock has a market capitalization of $4.75 billion, a price-to-earnings ratio of 15.08 and a beta of 1.81. The business's fifty day moving average is $28.07 and its two-hundred day moving average is $28.93. ChampionX Co. has a twelve month low of $21.92 and a twelve month high of $35.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

ChampionX (NASDAQ:CHX - Get Free Report) last released 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, research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued 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 1.53%. ChampionX's payout ratio is 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.