ChampionX Co. (NASDAQ:CHX) Shares Acquired by Headlands Technologies LLC

Headlands Technologies LLC boosted its holdings in ChampionX Co. (NASDAQ:CHX) by 83.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 128,814 shares of the company’s stock after purchasing an additional 58,415 shares during the quarter. Headlands Technologies LLC’s holdings in ChampionX were worth $3,502,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake 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 purchasing an additional 1,011 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of ChampionX by 1.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,571 shares of the company’s stock worth $15,002,000 after buying an additional 7,569 shares during the last quarter. Benjamin Edwards Inc. raised its position in shares of ChampionX by 31.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,975 shares of the company’s stock worth $512,000 after buying an additional 4,105 shares during the period. ClearAlpha Technologies LP boosted its holdings in ChampionX by 87.4% in the third quarter. ClearAlpha Technologies LP now owns 273,409 shares of the company’s stock valued at $8,243,000 after acquiring an additional 127,482 shares during the last quarter. Finally, Holocene Advisors LP acquired a new stake in ChampionX during the third quarter worth about $444,000. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Stock Performance

NASDAQ CHX opened at $29.80 on Tuesday. 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 Co. has a 1-year low of $25.57 and a 1-year high of $39.95. The firm has a market capitalization of $5.69 billion, a P/E ratio of 18.06 and a beta of 2.28. The business’s 50-day simple moving average is $29.41 and its 200-day simple moving average is $29.50.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating 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%. Equities analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.28%. ChampionX’s dividend payout ratio is currently 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.