ChampionX Co. (NASDAQ:CHX) Shares Purchased by Pinebridge Investments L.P.

Pinebridge Investments L.P. boosted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 43.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 65,302 shares of the company's stock after acquiring an additional 19,647 shares during the period. Pinebridge Investments L.P.'s holdings in ChampionX were worth $1,776,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CHX. Vanguard Group Inc. grew its holdings in ChampionX by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock valued at $542,830,000 after purchasing an additional 227,627 shares during the period. Norges Bank acquired a new position in ChampionX in the 4th quarter valued at about $74,032,000. Charles Schwab Investment Management Inc. lifted its holdings in ChampionX by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock valued at $72,853,000 after acquiring an additional 56,283 shares during the last quarter. Van ECK Associates Corp lifted its stake 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 during the last quarter. Finally, Magnetar Financial LLC lifted its position in ChampionX by 2.2% in the fourth quarter. Magnetar Financial LLC now owns 2,344,608 shares of the company's stock valued at $63,750,000 after buying an additional 50,545 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Trading Up 2.8 %

NASDAQ:CHX traded up $0.69 on Friday, reaching $25.23. 3,726,916 shares of the company's stock were exchanged, compared to its average volume of 2,610,772. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $35.94. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 15.29 and a beta of 1.81. The business has a fifty day moving average of $27.18 and a 200-day moving average of $28.52.

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

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Friday, April 4th. ChampionX's dividend payout ratio (DPR) 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.