Elo Mutual Pension Insurance Co bought a new stake in ChampionX Co. (NASDAQ:CHX - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 13,043 shares of the company's stock, valued at approximately $355,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Calamos Advisors LLC raised its position in ChampionX by 470.4% during the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock valued at $40,635,000 after purchasing an additional 1,232,500 shares in the last quarter. Birnam Oak Advisors LP bought a new position in shares of ChampionX in the 4th quarter valued at $17,037,000. Oddo BHF Asset Management Sas acquired a new position in shares of ChampionX during the 3rd quarter worth $15,075,000. Alpine Associates Management Inc. lifted its position in shares of ChampionX by 63.5% during the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock worth $32,158,000 after buying an additional 459,200 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in ChampionX in the fourth quarter valued at about $12,080,000. Institutional investors own 98.99% of the company's stock.
ChampionX Price Performance
ChampionX stock traded down $3.29 during midday trading on Friday, reaching $24.35. The company's stock had a trading volume of 12,117,653 shares, compared to its average volume of 2,384,306. The stock has a market cap of $4.65 billion, a PE ratio of 14.76 and a beta of 2.28. 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 $23.68 and a 52 week high of $39.95. The business has a 50-day moving average price of $29.24 and a 200-day moving average price of $29.47.
ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. On average, sell-side analysts predict that ChampionX Co. will post 1.92 EPS for the current year.
ChampionX Dividend Announcement
The company 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 $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio is currently 23.03%.
ChampionX Profile
(
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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