ChampionX Co. (NASDAQ:CHX) Shares Bought by Calamos Advisors LLC

Calamos Advisors LLC increased its position in ChampionX Co. (NASDAQ:CHX) by 470.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,494,500 shares of the company’s stock after acquiring an additional 1,232,500 shares during the period. Calamos Advisors LLC owned approximately 0.78% of ChampionX worth $40,635,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Quest Partners LLC boosted its stake in shares of ChampionX by 86.8% during the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock worth $2,083,000 after acquiring an additional 32,103 shares in the last quarter. State Street Corp boosted its position in shares of 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 during the period. Barclays PLC increased its stake in ChampionX by 147.2% in the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock worth $10,766,000 after purchasing an additional 212,654 shares in the last quarter. Geode Capital Management LLC lifted its stake in ChampionX by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after buying an additional 63,119 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in shares of ChampionX by 3.1% during the third quarter. Raymond James & Associates now owns 225,285 shares of the company’s stock valued at $6,792,000 after acquiring an additional 6,695 shares during the period. 98.99% of the stock is currently owned by institutional investors.

ChampionX Price Performance

CHX opened at $28.53 on Tuesday. The company has a current ratio of 1.94, a quick ratio of 1.20 and a debt-to-equity ratio of 0.33. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95. The stock has a fifty day moving average price of $28.63 and a 200 day moving average price of $30.11. The stock has a market cap of $5.43 billion, a price-to-earnings ratio of 17.72 and a beta of 2.35.

ChampionX Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 31st. Shareholders of record on Friday, January 3rd were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Friday, January 3rd. ChampionX’s dividend payout ratio (DPR) is presently 23.60%.

Insiders Place Their Bets

In related news, insider Deric D. Bryant sold 49,303 shares of the stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $30.06, for a total value of $1,482,048.18. Following the completion of the sale, the insider now owns 337,409 shares in the company, valued at approximately $10,142,514.54. This trade represents a 12.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.38% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their price objective on shares of ChampionX from $45.00 to $40.00 and set a “buy” rating on the stock in a research report on Thursday, November 14th.

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.