ChampionX Co. (NASDAQ:CHX) Shares Purchased by Skandinaviska Enskilda Banken AB publ

Skandinaviska Enskilda Banken AB publ boosted its stake in ChampionX Co. (NASDAQ:CHX) by 4.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 123,226 shares of the company’s stock after acquiring an additional 4,830 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in ChampionX were worth $3,290,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CHX. Jones Financial Companies Lllp increased its position in ChampionX by 153.2% in 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. Venturi Wealth Management LLC increased its position in ChampionX by 1,051.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $51,000 after acquiring an additional 1,725 shares during the period. R Squared Ltd acquired a new position in ChampionX in the 4th quarter valued at about $103,000. Vestcor Inc increased its position in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock valued at $137,000 after acquiring an additional 2,100 shares during the period. Finally, KBC Group NV increased its position in ChampionX by 18.3% in the 3rd quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after acquiring an additional 903 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Performance

NASDAQ CHX opened at $29.37 on Monday. 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 business’s 50 day moving average is $29.14 and its two-hundred day moving average is $29.47. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 17.80 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 (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Research analysts expect 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. Shareholders of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s payout ratio is 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.