Intech Investment Management LLC Has $5.34 Million Stock Holdings in ChampionX Co. (NASDAQ:CHX)

Intech Investment Management LLC boosted its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 88.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,509 shares of the company's stock after purchasing an additional 92,317 shares during the quarter. Intech Investment Management LLC owned about 0.10% of ChampionX worth $5,343,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CHX. Jones Financial Companies Lllp increased its position in shares of ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after acquiring an additional 559 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of 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 purchasing an additional 1,725 shares during the period. R Squared Ltd bought a new stake in shares of ChampionX in the fourth quarter valued at about $103,000. Vestcor Inc boosted its position in shares of ChampionX by 71.6% during the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after buying an additional 2,100 shares during the period. Finally, KBC Group NV grew its holdings in shares of ChampionX by 18.3% during the third quarter. KBC Group NV now owns 5,827 shares of the company's stock worth $176,000 after buying an additional 903 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Stock Down 0.2 %

ChampionX stock traded down $0.06 during midday trading on Friday, reaching $29.54. The stock had a trading volume of 7,189,167 shares, compared to its average volume of 2,155,295. The stock has a market capitalization of $5.64 billion, a P/E ratio of 17.90 and a beta of 2.28. The firm's fifty day simple moving average is $29.34 and its 200-day simple moving average is $29.44. 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 Co. has a 1-year low of $25.57 and a 1-year high of $39.95.

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ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings data 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 net margin of 8.81% and a return on equity of 19.84%. As a group, analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.29%. ChampionX's dividend 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.