One68 Global Capital LLC Acquires Shares of 28,200 ChampionX Co. (NASDAQ:CHX)

One68 Global Capital LLC bought a new position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 28,200 shares of the company's stock, valued at approximately $767,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp boosted its stake in shares of ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after acquiring an additional 559 shares in the last quarter. Venturi Wealth Management LLC boosted its position in shares of ChampionX by 1,051.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after purchasing an additional 1,725 shares during the period. R Squared Ltd acquired a new position in shares of ChampionX in the 4th quarter valued at $103,000. Vestcor Inc increased its stake in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. raised its holdings in ChampionX by 82,557.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock worth $157,000 after buying an additional 5,779 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Trading Up 2.8 %

Shares of CHX traded up $0.69 during midday trading on Friday, hitting $25.23. The stock had a trading volume of 3,847,942 shares, compared to its average volume of 2,612,287. The business has a 50-day simple moving average of $27.10 and a two-hundred day simple moving average of $28.49. The firm has a market cap of $4.81 billion, a P/E ratio of 15.29 and a beta of 1.81. 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 Co. has a fifty-two week low of $21.92 and a fifty-two week high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The business had revenue of $864.46 million during the quarter, compared to the consensus estimate of $900.59 million. During the same quarter in the prior year, the firm earned $0.50 EPS. The firm's quarterly revenue was down 6.3% on a year-over-year basis. As a group, equities analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 4th were given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, April 4th. ChampionX's payout ratio is 25.17%.

ChampionX Company 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.