Xponance Inc. Acquires 1,578 Shares of ChampionX Co. (NASDAQ:CHX)

Xponance Inc. grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 27,389 shares of the company’s stock after buying an additional 1,578 shares during the period. Xponance Inc.’s holdings in ChampionX were worth $745,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its position in ChampionX by 153.2% in 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 in the last quarter. Venturi Wealth Management LLC lifted its position in ChampionX by 1,051.8% during the 4th 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 stake in shares of ChampionX during the fourth quarter valued at approximately $103,000. Vestcor Inc boosted its position in 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 buying an additional 2,100 shares during the last quarter. Finally, KBC Group NV boosted its holdings in ChampionX by 42.3% in the fourth quarter. KBC Group NV now owns 8,289 shares of the company’s stock valued at $225,000 after acquiring an additional 2,462 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Up 1.3 %

CHX opened at $29.93 on Tuesday. The firm has a 50 day simple moving average of $29.38 and a 200 day simple moving average of $29.44. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 18.14 and a beta of 2.28. 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 (NASDAQ:CHX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share 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%. On average, sell-side analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. ChampionX’s payout ratio is currently 23.03%.

ChampionX Company 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.