Quarry LP Makes New $4.30 Million Investment in ChampionX Co. (NASDAQ:CHX)

Quarry LP purchased a new stake in ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 158,246 shares of the company's stock, valued at approximately $4,303,000. ChampionX makes up about 0.6% of Quarry LP's holdings, making the stock its 9th largest position. Quarry LP owned about 0.08% of ChampionX as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock valued at $6,693,000 after acquiring an additional 136,132 shares during the period. Van ECK Associates Corp lifted its stake in shares of ChampionX by 0.3% in the fourth 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 period. Schroder Investment Management Group purchased a new stake in shares of ChampionX during the 4th quarter worth approximately $472,000. Yakira Capital Management Inc. grew its holdings in shares of ChampionX by 29.9% in the 4th quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock worth $5,935,000 after acquiring an additional 50,300 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in ChampionX during the fourth quarter worth $12,080,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

ChampionX Price Performance

ChampionX stock traded up $0.62 during trading hours on Friday, hitting $25.16. The stock had a trading volume of 2,637,492 shares, compared to its average volume of 2,606,694. 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's fifty day moving average is $27.18 and its two-hundred day moving average is $28.52. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 15.25 and a beta of 1.81. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $35.94.

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

ChampionX Dividend Announcement

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