Loomis Sayles & Co. L P Has $17.52 Million Stock Position in ChampionX Co. (NASDAQ:CHX)

Loomis Sayles & Co. L P lessened its stake in shares of ChampionX Co. (NASDAQ:CHX) by 3.0% during the 4th quarter, HoldingsChannel.com reports. The fund owned 644,206 shares of the company’s stock after selling 20,107 shares during the period. Loomis Sayles & Co. L P’s holdings in ChampionX were worth $17,516,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Cerity Partners LLC increased its position in shares of ChampionX by 291.8% during the 3rd quarter. Cerity Partners LLC now owns 152,038 shares of the company’s stock worth $4,584,000 after purchasing an additional 113,232 shares during the last quarter. Quantbot Technologies LP acquired a new position in ChampionX during the third quarter worth $2,054,000. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in ChampionX by 18.0% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 295,105 shares of the company’s stock worth $8,897,000 after buying an additional 45,105 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in ChampionX by 2.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,952 shares of the company’s stock worth $1,295,000 after acquiring an additional 1,011 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ChampionX by 1.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,571 shares of the company’s stock valued at $15,002,000 after acquiring an additional 7,569 shares during the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Stock Down 0.9 %

ChampionX stock opened at $29.87 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The company’s 50-day moving average is $29.44 and its 200-day moving average is $29.47. The firm has a market capitalization of $5.70 billion, a PE ratio of 18.10 and a beta of 2.28. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95.

ChampionX (NASDAQ:CHX) last announced 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 return on equity of 19.84% and a net margin of 8.81%. Sell-side analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) is presently 23.03%.

About ChampionX

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.