Pinebridge Investments L.P. Purchases 19,647 Shares of ChampionX Co. (NASDAQ:CHX)

Pinebridge Investments L.P. grew its holdings in ChampionX Co. (NASDAQ:CHX) by 43.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 65,302 shares of the company’s stock after purchasing an additional 19,647 shares during the quarter. Pinebridge Investments L.P.’s holdings in ChampionX were worth $1,776,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Arizona State Retirement System grew its position in shares of ChampionX by 0.8% during the 4th quarter. Arizona State Retirement System now owns 55,268 shares of the company’s stock worth $1,503,000 after buying an additional 436 shares during the period. Pacer Advisors Inc. grew its holdings in ChampionX by 1.9% during the fourth quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock valued at $772,000 after purchasing an additional 532 shares during the period. Jones Financial Companies Lllp increased its stake in ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock valued at $25,000 after purchasing an additional 559 shares in the last quarter. Hudson Edge Investment Partners Inc. raised its holdings in ChampionX by 4.8% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,150 shares of the company’s stock worth $412,000 after purchasing an additional 700 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of ChampionX by 8.0% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 17,144 shares of the company’s stock worth $466,000 after purchasing an additional 1,265 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Performance

Shares of ChampionX stock opened at $25.00 on Monday. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $35.94. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.77 billion, a PE ratio of 15.15 and a beta of 1.81. The stock’s fifty day simple moving average is $27.60 and its 200 day simple moving average is $28.68.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share (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%. On average, research analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.52%. ChampionX’s payout ratio is 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.