Elo Mutual Pension Insurance Co Invests $355,000 in ChampionX Co. (NASDAQ:CHX)

Elo Mutual Pension Insurance Co acquired a new stake in shares of ChampionX Co. (NASDAQ:CHX) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 13,043 shares of the company’s stock, valued at approximately $355,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System raised its holdings in shares of ChampionX by 0.8% in the 4th quarter. Arizona State Retirement System now owns 55,268 shares of the company’s stock valued at $1,503,000 after acquiring an additional 436 shares in the last quarter. Pacer Advisors Inc. raised its stake in ChampionX by 1.9% in the fourth quarter. Pacer Advisors Inc. now owns 28,394 shares of the company’s stock valued at $772,000 after purchasing an additional 532 shares in the last quarter. Jones Financial Companies Lllp lifted its position in ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock valued at $25,000 after purchasing an additional 559 shares during the last quarter. HighTower Advisors LLC lifted its position in 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. Finally, Coldstream Capital Management Inc. grew its stake 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 buying an additional 594 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Performance

ChampionX stock opened at $29.87 on Monday. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95. The firm’s fifty day moving average price is $29.44 and its 200-day moving average price is $29.49. The stock has a market cap of $5.70 billion, a P/E ratio of 18.10 and a beta of 2.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX) last released 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, equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The company also recently announced 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. This represents a $0.38 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend 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.