ChampionX Co. (NASDAQ:CHX) is Slotnik Capital LLC’s 7th Largest Position

Slotnik Capital LLC boosted its stake in ChampionX Co. (NASDAQ:CHX) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 606,915 shares of the company’s stock after buying an additional 26,219 shares during the quarter. ChampionX makes up approximately 7.5% of Slotnik Capital LLC’s portfolio, making the stock its 7th largest holding. Slotnik Capital LLC’s holdings in ChampionX were worth $16,502,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in ChampionX by 123.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company’s stock worth $6,693,000 after acquiring an additional 136,132 shares during the last quarter. Van ECK Associates Corp lifted its position in ChampionX by 0.3% during the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock worth $71,764,000 after buying an additional 9,056 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of ChampionX during the 4th quarter worth $12,080,000. Silphium Asset Management Ltd boosted its position in shares of ChampionX by 88.1% during the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock valued at $9,955,000 after acquiring an additional 171,531 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of ChampionX by 1.7% in the third quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after purchasing an additional 122,622 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Price Performance

Shares of CHX stock opened at $30.01 on Thursday. The firm’s 50-day moving average is $29.40 and its two-hundred day moving average is $29.51. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. 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 company has a market capitalization of $5.73 billion, a PE ratio of 18.19 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, April 4th. ChampionX’s payout ratio 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.