CIBC Private Wealth Group LLC Has $659,000 Stock Holdings in ChampionX Co. (NASDAQ:CHX)

CIBC Private Wealth Group LLC reduced its position in ChampionX Co. (NASDAQ:CHX) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 23,886 shares of the company’s stock after selling 432 shares during the period. CIBC Private Wealth Group LLC’s holdings in ChampionX were worth $659,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CHX. Jones Financial Companies Lllp increased its holdings in shares of ChampionX by 153.2% in 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. Venturi Wealth Management LLC boosted its holdings in shares of ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after buying 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 raised its holdings 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, Brown Brothers Harriman & Co. lifted its position in ChampionX by 82,557.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock worth $157,000 after acquiring an additional 5,779 shares during the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Price Performance

ChampionX stock opened at $24.35 on Friday. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 14.76 and a beta of 2.28. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12 month low of $23.66 and a 12 month high of $39.95. The stock’s 50 day moving average is $29.24 and its 200-day moving average is $29.47.

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

ChampionX Dividend Announcement

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 issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date 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.