Zurcher Kantonalbank Zurich Cantonalbank Purchases 7,266 Shares of ChampionX Co. (NASDAQ:CHX)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in ChampionX Co. (NASDAQ:CHX) by 16.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,218 shares of the company’s stock after buying an additional 7,266 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in ChampionX were worth $1,365,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Alpine Associates Management Inc. lifted its stake in shares of ChampionX by 63.5% in the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock valued at $32,158,000 after buying an additional 459,200 shares during the period. Edgestream Partners L.P. bought a new stake in shares of ChampionX in the fourth quarter valued at about $774,000. Callan Family Office LLC bought a new stake in shares of ChampionX in the fourth quarter valued at about $397,000. Raymond James Financial Inc. bought a new stake in shares of ChampionX in the fourth quarter valued at about $12,080,000. Finally, Arizona State Retirement System lifted its stake in ChampionX by 0.8% during the fourth quarter. Arizona State Retirement System now owns 55,268 shares of the company’s stock worth $1,503,000 after purchasing an additional 436 shares during the period. Institutional investors own 98.99% of the company’s stock.

ChampionX Stock Down 0.5 %

NASDAQ CHX opened at $29.49 on Wednesday. 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’s 50 day moving average is $29.22 and its two-hundred day moving average is $29.45. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 17.87 and a beta of 2.28. ChampionX Co. has a 1-year low of $25.57 and a 1-year high of $39.95.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data 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%. Equities analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The business 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 dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s payout ratio is 23.03%.

ChampionX 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.