Mitsubishi UFJ Trust & Banking Corp Purchases 15,263 Shares of ChampionX Co. (NASDAQ:CHX)

Mitsubishi UFJ Trust & Banking Corp raised its position in shares of ChampionX Co. (NASDAQ:CHX) by 17.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 100,804 shares of the company’s stock after purchasing an additional 15,263 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned 0.05% of ChampionX worth $2,741,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Arizona State Retirement System grew its position in ChampionX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company’s stock valued at $1,503,000 after buying an additional 436 shares during the period. Pacer Advisors Inc. boosted its stake in shares of ChampionX by 1.9% during the 4th quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock worth $772,000 after acquiring an additional 532 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock valued at $25,000 after acquiring an additional 559 shares during the period. HighTower Advisors LLC increased its stake in shares of ChampionX by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company’s stock worth $405,000 after purchasing an additional 564 shares in the last quarter. Finally, Coldstream Capital Management Inc. raised its holdings in ChampionX by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company’s stock worth $290,000 after purchasing an additional 594 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

ChampionX Price Performance

NASDAQ CHX opened at $29.80 on Tuesday. The business’s fifty day moving average is $29.41 and its 200 day moving average is $29.50. 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 quick ratio of 1.36 and a current ratio of 1.99. The company has a market capitalization of $5.69 billion, a PE ratio of 18.06 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data 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%. Sell-side analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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 dividend yield of 1.28%. 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.