Headlands Technologies LLC Raises Stock Position in ChampionX Co. (NASDAQ:CHX)

Headlands Technologies LLC raised its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 83.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 128,814 shares of the company's stock after purchasing an additional 58,415 shares during the period. Headlands Technologies LLC owned about 0.07% of ChampionX worth $3,502,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after buying an additional 136,132 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of 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 during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of ChampionX during the fourth quarter worth approximately $12,080,000. Silphium Asset Management Ltd increased its position in shares of ChampionX by 88.1% during the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock worth $9,955,000 after purchasing an additional 171,531 shares in the last quarter. Finally, State Street Corp lifted its holdings in ChampionX by 1.7% in the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company's stock valued at $223,776,000 after purchasing an additional 122,622 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

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ChampionX Price Performance

CHX traded down $3.29 on Friday, hitting $24.35. 12,117,653 shares of the company's stock were exchanged, compared to its average volume of 2,365,133. The firm has a 50-day moving average price of $29.24 and a 200-day moving average price of $29.46. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 14.76 and a beta of 1.81. 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 fifty-two week low of $23.66 and a fifty-two week 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 earnings per share for the quarter, topping 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, equities analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be given 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 yield of 1.56%. ChampionX's payout ratio is 23.03%.

ChampionX Company 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.