ChampionX Co. (NASDAQ:CHX) Shares Bought by Sei Investments Co.

Sei Investments Co. lifted its stake in shares of ChampionX Co. (NASDAQ:CHX) by 6.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 776,535 shares of the company’s stock after buying an additional 49,885 shares during the quarter. Sei Investments Co.’s holdings in ChampionX were worth $21,114,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Virtu Financial LLC acquired a new position in ChampionX during the 4th quarter worth approximately $1,628,000. Quantbot Technologies LP grew its stake in shares of ChampionX by 82.2% during the fourth quarter. Quantbot Technologies LP now owns 124,139 shares of the company’s stock worth $3,375,000 after purchasing an additional 56,001 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in ChampionX by 123.7% in the fourth 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 buying an additional 136,132 shares during the last quarter. Magnetar Financial LLC raised its stake 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 in the last quarter. Finally, Xponance Inc. lifted its holdings in ChampionX by 6.1% during the 4th quarter. Xponance Inc. now owns 27,389 shares of the company’s stock worth $745,000 after buying an additional 1,578 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Trading Up 0.1 %

NASDAQ:CHX opened at $30.37 on Thursday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95. The stock has a market cap of $5.79 billion, a P/E ratio of 18.41 and a beta of 2.28. The stock has a 50-day simple moving average of $29.45 and a 200-day simple moving average of $29.46.

ChampionX (NASDAQ:CHX) last announced its quarterly 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 net margin of 8.81% and a return on equity of 19.84%. As a group, analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.25%. ChampionX’s dividend payout ratio (DPR) is presently 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.