Slotnik Capital LLC raised its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 606,915 shares of the company's stock after purchasing an additional 26,219 shares during the quarter. ChampionX accounts for 7.5% of Slotnik Capital LLC's investment portfolio, making the stock its 7th biggest holding. Slotnik Capital LLC owned about 0.32% of ChampionX worth $16,502,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new position in shares of ChampionX during the 4th quarter valued at about $74,032,000. Calamos Advisors LLC lifted its holdings in shares of ChampionX by 470.4% during the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock worth $40,635,000 after buying an additional 1,232,500 shares during the last quarter. Birnam Oak Advisors LP bought a new stake in shares of ChampionX in the fourth quarter valued at approximately $17,037,000. Oddo BHF Asset Management Sas acquired a new stake in shares of ChampionX in the third quarter worth $15,075,000. Finally, Alpine Associates Management Inc. boosted its holdings in ChampionX by 63.5% in the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock valued at $32,158,000 after purchasing an additional 459,200 shares during the period. 98.99% of the stock is owned by hedge funds and other institutional investors.
ChampionX Stock Performance
CHX traded up $0.18 on Tuesday, hitting $23.49. 2,418,929 shares of the stock traded hands, compared to its average volume of 2,386,395. The business has a fifty day moving average price of $29.10 and a two-hundred day moving average price of $29.41. 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 52 week low of $22.32 and a 52 week high of $39.95. The firm has a market capitalization of $4.48 billion, a PE ratio of 14.29 and a beta of 1.81.
ChampionX (NASDAQ:CHX - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal year.
ChampionX Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.62%. ChampionX's dividend payout ratio is 23.03%.
About ChampionX
(
Free Report)
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.
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