ChampionX Co. (NASDAQ:CHX) Stake Boosted by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. lifted its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 135.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,467,451 shares of the company's stock after buying an additional 844,301 shares during the period. Adage Capital Partners GP L.L.C. owned 0.77% of ChampionX worth $39,900,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its position in shares of ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after acquiring an additional 212,654 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new position in shares of ChampionX in the 3rd quarter valued at $15,075,000. Harbor Capital Advisors Inc. grew its position in ChampionX by 3.1% during the fourth quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company's stock valued at $3,559,000 after acquiring an additional 3,931 shares during the period. Park Avenue Securities LLC increased its stake in ChampionX by 7.6% during the fourth quarter. Park Avenue Securities LLC now owns 28,846 shares of the company's stock worth $784,000 after acquiring an additional 2,031 shares during the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in shares of ChampionX by 899.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company's stock valued at $5,740,000 after purchasing an additional 189,977 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Trading Down 1.1 %

CHX traded down $0.27 on Monday, reaching $24.73. 3,026,300 shares of the company's stock were exchanged, compared to its average volume of 2,556,101. ChampionX Co. has a twelve month low of $21.92 and a twelve month high of $35.94. The company's 50 day moving average is $27.60 and its 200-day moving average is $28.68. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The company has a market cap of $4.72 billion, a price-to-earnings ratio of 14.99 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) 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 predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.54%. 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.