Mitsubishi UFJ Trust & Banking Corp Increases Holdings in ChampionX Co. (NASDAQ:CHX)

Mitsubishi UFJ Trust & Banking Corp lifted its holdings in ChampionX Co. (NASDAQ:CHX) by 17.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,804 shares of the company’s stock after acquiring an additional 15,263 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in ChampionX were worth $2,741,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CHX. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in ChampionX by 2.4% during the 3rd 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 in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in ChampionX by 1.5% during 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 valued at $15,002,000 after acquiring an additional 7,569 shares in the last quarter. Benjamin Edwards Inc. lifted its stake in ChampionX by 31.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,975 shares of the company’s stock worth $512,000 after purchasing an additional 4,105 shares in the last quarter. ClearAlpha Technologies LP boosted its holdings in shares of ChampionX by 87.4% during the 3rd quarter. ClearAlpha Technologies LP now owns 273,409 shares of the company’s stock valued at $8,243,000 after purchasing an additional 127,482 shares during the last quarter. Finally, Holocene Advisors LP bought a new position in shares of ChampionX during the 3rd quarter valued at about $444,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

ChampionX Trading Down 0.2 %

Shares of CHX stock opened at $29.80 on Tuesday. 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 stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.06 and a beta of 2.28. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The stock’s 50-day moving average price is $29.41 and its 200-day moving average price is $29.50.

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

ChampionX Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.095 dividend. The ex-dividend date 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%.

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.