ChampionX Co. (NASDAQ:CHX) is Westchester Capital Management LLC's 5th Largest Position

Westchester Capital Management LLC lifted its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 14.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,243,134 shares of the company's stock after purchasing an additional 414,995 shares during the quarter. ChampionX comprises approximately 4.9% of Westchester Capital Management LLC's portfolio, making the stock its 5th largest holding. Westchester Capital Management LLC owned approximately 1.70% of ChampionX worth $88,181,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of ChampionX by 123.7% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after purchasing an additional 136,132 shares during the period. Van ECK Associates Corp boosted its holdings in ChampionX by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after acquiring an additional 9,056 shares in the last quarter. Schroder Investment Management Group bought a new stake in ChampionX in the fourth quarter worth $472,000. Yakira Capital Management Inc. boosted its holdings in ChampionX by 29.9% in the fourth quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock worth $5,935,000 after acquiring an additional 50,300 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ChampionX during the fourth quarter valued at $12,080,000. Institutional investors own 98.99% of the company's stock.

ChampionX Stock Performance

Shares of NASDAQ:CHX traded down $0.06 during midday trading on Tuesday, reaching $24.67. 4,501,288 shares of the company's stock traded hands, compared to its average volume of 2,563,849. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 14.95 and a beta of 1.81. 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 one year low of $21.92 and a one year high of $35.94. The stock has a 50 day moving average of $27.50 and a 200 day moving average of $28.63.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating analysts' consensus estimates of $0.41 by $0.09. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. As a group, equities research analysts anticipate that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 4th were issued a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend was Friday, April 4th. 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.