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

Intech Investment Management LLC increased its position in ChampionX Co. (NASDAQ:CHX) by 88.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 196,509 shares of the company’s stock after acquiring an additional 92,317 shares during the period. Intech Investment Management LLC owned approximately 0.10% of ChampionX worth $5,343,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CHX. Victory Capital Management Inc. increased its holdings in shares of ChampionX by 19.0% in the 3rd quarter. Victory Capital Management Inc. now owns 58,478 shares of the company’s stock worth $1,763,000 after acquiring an additional 9,333 shares during the period. KBC Group NV increased its stake in ChampionX by 18.3% during the 3rd quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after buying an additional 903 shares during the period. AMG National Trust Bank increased its stake in ChampionX by 2.9% during the 3rd quarter. AMG National Trust Bank now owns 31,399 shares of the company’s stock valued at $947,000 after buying an additional 882 shares during the period. Quest Partners LLC increased its stake in ChampionX by 86.8% during the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock valued at $2,083,000 after buying an additional 32,103 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in ChampionX by 1.4% during the 3rd quarter. PNC Financial Services Group Inc. now owns 54,454 shares of the company’s stock valued at $1,642,000 after buying an additional 772 shares during the period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Down 0.5 %

ChampionX stock opened at $29.49 on Wednesday. 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 current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $29.22 and its two-hundred day moving average price is $29.45. ChampionX Co. has a 52 week low of $25.57 and a 52 week high of $39.95.

ChampionX (NASDAQ:CHX) last released its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating 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, analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.29%. ChampionX’s payout ratio is 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.