Calamos Advisors LLC Has $40.64 Million Stock Position in ChampionX Co. (NASDAQ:CHX)

Calamos Advisors LLC lifted its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 470.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,494,500 shares of the company's stock after purchasing an additional 1,232,500 shares during the period. Calamos Advisors LLC owned 0.78% of ChampionX worth $40,635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Blue Trust Inc. raised its stake in ChampionX by 442.4% during the 3rd quarter. Blue Trust Inc. now owns 1,329 shares of the company's stock worth $44,000 after buying an additional 1,084 shares during the period. UMB Bank n.a. raised its stake in ChampionX by 63.7% during the 3rd quarter. UMB Bank n.a. now owns 2,266 shares of the company's stock worth $68,000 after buying an additional 882 shares during the period. R Squared Ltd acquired a new stake in shares of ChampionX in the 4th quarter valued at about $103,000. KBC Group NV raised its stake in shares of 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 purchasing an additional 903 shares during the period. Finally, Quantinno Capital Management LP acquired a new stake in shares of ChampionX in the 3rd quarter valued at about $265,000. 98.99% of the stock is currently owned by institutional investors.

ChampionX Stock Down 0.7 %

Shares of NASDAQ CHX traded down $0.20 during mid-day trading on Wednesday, hitting $29.10. The company had a trading volume of 2,047,279 shares, compared to its average volume of 2,990,217. The company has a market capitalization of $5.54 billion, a PE ratio of 18.07 and a beta of 2.35. The firm has a 50-day simple moving average of $28.60 and a two-hundred day simple moving average of $30.07. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts' consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.74% and a net margin of 8.59%. On average, equities analysts expect that ChampionX Co. will post 1.71 EPS for the current year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, January 3rd. ChampionX's payout ratio is currently 23.60%.

Analysts Set New Price Targets

Separately, Citigroup dropped their price target on ChampionX from $45.00 to $40.00 and set a "buy" rating on the stock in a research note on Thursday, November 14th.

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.