ChampionX Co. (NASDAQ:CHX) Shares Purchased by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC boosted its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,386,902 shares of the company's stock after buying an additional 17,608 shares during the quarter. Schonfeld Strategic Advisors LLC owned approximately 0.73% of ChampionX worth $37,710,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of CHX. Vanguard Group Inc. boosted its position in ChampionX by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock worth $542,830,000 after acquiring an additional 227,627 shares during the last quarter. Westchester Capital Management LLC raised its position in shares of ChampionX by 14.7% in the 4th quarter. Westchester Capital Management LLC now owns 3,243,134 shares of the company's stock worth $88,181,000 after buying an additional 414,995 shares during the period. Northern Trust Corp raised its holdings in shares of ChampionX by 10.9% in the 4th quarter. Northern Trust Corp now owns 2,917,978 shares of the company's stock worth $79,340,000 after purchasing an additional 286,853 shares during the period. Norges Bank acquired a new position in shares of ChampionX in the 4th quarter valued at about $74,032,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of ChampionX by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock worth $72,853,000 after purchasing an additional 56,283 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Trading Up 1.7 %

NASDAQ CHX traded up $0.41 during mid-day trading on Thursday, hitting $24.54. The company's stock had a trading volume of 5,252,295 shares, compared to its average volume of 2,606,308. The firm has a market capitalization of $4.68 billion, a P/E ratio of 14.87 and a beta of 1.81. 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 Co. has a 52-week low of $21.92 and a 52-week high of $35.94. The stock's fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $28.52.

ChampionX (NASDAQ:CHX - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. The company had revenue of $864.46 million for the quarter, compared to analyst estimates of $900.59 million. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The firm's revenue was down 6.3% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Research analysts expect that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 4th were given a $0.095 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.55%. ChampionX's payout ratio is currently 25.17%.

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.