KLP Kapitalforvaltning AS acquired a new stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 39,400 shares of the company's stock, valued at approximately $1,071,000.
Several other hedge funds have also recently made changes to their positions in the company. Calamos Advisors LLC lifted its position in ChampionX by 470.4% during the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock worth $40,635,000 after acquiring an additional 1,232,500 shares during the period. Birnam Oak Advisors LP purchased a new position in shares of ChampionX in the fourth quarter worth about $17,037,000. Oddo BHF Asset Management Sas acquired a new stake in shares of ChampionX during the third quarter worth about $15,075,000. Alpine Associates Management Inc. lifted its stake in ChampionX by 63.5% during the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock valued at $32,158,000 after acquiring an additional 459,200 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in ChampionX in the fourth quarter valued at $12,080,000. 98.99% of the stock is owned by institutional investors and hedge funds.
ChampionX Stock Performance
Shares of CHX stock traded down $2.37 on Thursday, hitting $27.64. The company had a trading volume of 9,018,057 shares, compared to its average volume of 2,362,090. The firm has a market cap of $5.27 billion, a P/E ratio of 16.75 and a beta of 2.28. ChampionX Co. has a twelve month low of $25.57 and a twelve month high of $39.95. The company has a 50-day moving average price of $29.35 and a 200-day moving average price of $29.50. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.
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, beating 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%. As a group, equities research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.
ChampionX Announces Dividend
The company also recently declared 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 is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.37%. ChampionX's dividend payout ratio is presently 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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