Skandinaviska Enskilda Banken AB publ Grows Stock Position in ChampionX Co. (NASDAQ:CHX)

Skandinaviska Enskilda Banken AB publ lifted its stake in ChampionX Co. (NASDAQ:CHX) by 4.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 123,226 shares of the company’s stock after purchasing an additional 4,830 shares during the period. Skandinaviska Enskilda Banken AB publ owned about 0.06% of ChampionX worth $3,290,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp lifted its holdings in ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock worth $71,764,000 after buying an additional 9,056 shares during the last quarter. Quest Partners LLC lifted its holdings in ChampionX by 86.8% during the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock worth $2,083,000 after buying an additional 32,103 shares during the last quarter. Silphium Asset Management Ltd lifted its holdings in ChampionX by 88.1% during the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock worth $9,955,000 after buying an additional 171,531 shares during the last quarter. State Street Corp lifted its holdings in ChampionX by 1.7% during the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company’s stock worth $223,776,000 after buying an additional 122,622 shares during the last quarter. Finally, Barclays PLC lifted its holdings in ChampionX by 147.2% during the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock worth $10,766,000 after buying an additional 212,654 shares during the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Up 3.1 %

Shares of NASDAQ CHX opened at $29.37 on Monday. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 17.80 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. The business has a 50-day moving average of $29.14 and a two-hundred day moving average of $29.47. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings results 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%. On average, analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The company 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) 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.