ChampionX Co. (NASDAQ:CHX) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc grew its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 24.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 648,066 shares of the company's stock after purchasing an additional 127,805 shares during the period. Legal & General Group Plc owned 0.34% of ChampionX worth $17,621,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of ChampionX by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock worth $542,830,000 after purchasing an additional 227,627 shares during the period. Geode Capital Management LLC lifted its position in ChampionX by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock worth $139,239,000 after buying an additional 63,119 shares during the period. Norges Bank acquired a new stake in ChampionX in the 4th quarter worth about $74,032,000. Charles Schwab Investment Management Inc. grew its holdings in ChampionX by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock valued at $72,853,000 after buying an additional 56,283 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after acquiring an additional 9,056 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Trading Up 2.9 %

NASDAQ:CHX traded up $0.72 during trading hours on Friday, reaching $25.41. 3,021,430 shares of the company were exchanged, compared to its average volume of 2,528,685. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of 15.40 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. The stock has a 50 day simple moving average of $28.07 and a 200 day simple moving average of $28.97. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $36.16.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping the consensus estimate 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, analysts predict that ChampionX Co. will post 1.92 EPS 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 of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.50%. ChampionX's dividend payout ratio (DPR) 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.