10,200 Shares in ChampionX Co. (NASDAQ:CHX) Acquired by Pinnacle Holdings LLC

Pinnacle Holdings LLC bought a new position in shares of ChampionX Co. (NASDAQ:CHX) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,200 shares of the company’s stock, valued at approximately $277,000.

A number of other institutional investors also recently modified their holdings of CHX. Jones Financial Companies Lllp increased its holdings in shares of ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after purchasing an additional 559 shares during the period. Venturi Wealth Management LLC grew its stake in ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after buying an additional 1,725 shares in the last quarter. R Squared Ltd bought a new position in ChampionX in the fourth quarter valued at approximately $103,000. Vestcor Inc increased its stake in shares of ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock valued at $137,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in ChampionX by 82,557.1% in the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock valued at $157,000 after acquiring an additional 5,779 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Price Performance

CHX stock opened at $22.52 on Wednesday. The company has a 50 day simple moving average of $28.83 and a 200 day simple moving average of $29.30. The stock has a market cap of $4.30 billion, a price-to-earnings ratio of 13.65 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 1 year low of $22.21 and a 1 year high of $39.00.

ChampionX (NASDAQ:CHX) last posted its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating 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%. Research analysts anticipate that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.69%. ChampionX’s dividend payout ratio (DPR) is presently 23.03%.

About ChampionX

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.