New Age Alpha Advisors LLC Purchases Shares of 7,551 ChampionX Co. (NASDAQ:CHX)

New Age Alpha Advisors LLC acquired a new position in shares of ChampionX Co. (NASDAQ:CHX) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,551 shares of the company’s stock, valued at approximately $205,000.

A number of other institutional investors also recently modified their holdings of CHX. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of ChampionX by 2.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,952 shares of the company’s stock valued at $1,295,000 after buying an additional 1,011 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of ChampionX by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,571 shares of the company’s stock worth $15,002,000 after acquiring an additional 7,569 shares during the last quarter. Benjamin Edwards Inc. raised its stake in shares of ChampionX by 31.9% in the third quarter. Benjamin Edwards Inc. now owns 16,975 shares of the company’s stock worth $512,000 after acquiring an additional 4,105 shares during the last quarter. Holocene Advisors LP acquired a new position in shares of ChampionX during the third quarter worth approximately $444,000. Finally, HighTower Advisors LLC grew its stake in shares of ChampionX by 4.3% during the third quarter. HighTower Advisors LLC now owns 13,621 shares of the company’s stock valued at $405,000 after purchasing an additional 564 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Stock Performance

CHX stock opened at $30.01 on Thursday. The company has a 50 day moving average price of $29.40 and a 200 day moving average price of $29.51. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week 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 stock 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 earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping 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 forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, April 4th. 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.