ChampionX Co. (NASDAQ:CHX) Shares Bought by Intech Investment Management LLC

Intech Investment Management LLC lifted its holdings in ChampionX Co. (NASDAQ:CHX) by 88.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 196,509 shares of the company’s stock after acquiring an additional 92,317 shares during the quarter. Intech Investment Management LLC’s holdings in ChampionX were worth $5,343,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in CHX. Calamos Advisors LLC grew its stake in shares of ChampionX by 470.4% in the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock worth $40,635,000 after purchasing an additional 1,232,500 shares during the last quarter. Westchester Capital Management LLC grew its stake in shares of ChampionX by 67.8% in the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock worth $85,268,000 after purchasing an additional 1,142,628 shares during the last quarter. Birnam Oak Advisors LP acquired a new position in shares of ChampionX in the fourth quarter worth about $17,037,000. Oddo BHF Asset Management Sas acquired a new position in shares of ChampionX in the third quarter worth about $15,075,000. Finally, Alpine Associates Management Inc. boosted its holdings in shares of ChampionX by 63.5% in the fourth 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 period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Performance

Shares of CHX opened at $29.49 on Wednesday. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95. The company has a 50-day moving average of $29.22 and a two-hundred day moving average of $29.45. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 17.87 and a beta of 2.28. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

ChampionX (NASDAQ:CHX) last announced its earnings results on Tuesday, February 4th. The company reported $0.50 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, equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, April 4th. 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.