ChampionX Co. (NASDAQ:CHX) is Westchester Capital Management LLC’s 5th Largest Position

Westchester Capital Management LLC lifted its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,243,134 shares of the company’s stock after buying an additional 414,995 shares during the period. ChampionX makes up 4.9% of Westchester Capital Management LLC’s portfolio, making the stock its 5th biggest position. Westchester Capital Management LLC’s holdings in ChampionX were worth $88,181,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Adage Capital Partners GP L.L.C. lifted its holdings in shares of ChampionX by 135.5% during the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,467,451 shares of the company’s stock valued at $39,900,000 after buying an additional 844,301 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in shares of ChampionX by 5.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 170,018 shares of the company’s stock worth $4,624,000 after acquiring an additional 9,529 shares during the last quarter. Pinebridge Investments L.P. grew its position in shares of ChampionX by 43.0% during the 4th quarter. Pinebridge Investments L.P. now owns 65,302 shares of the company’s stock valued at $1,776,000 after acquiring an additional 19,647 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of ChampionX by 219.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 24,349 shares of the company’s stock worth $662,000 after purchasing an additional 16,726 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in ChampionX by 8.2% in the 4th quarter. MetLife Investment Management LLC now owns 219,821 shares of the company’s stock worth $5,977,000 after purchasing an additional 16,643 shares during the period. 98.99% of the stock is currently owned by institutional investors.

ChampionX Stock Performance

NASDAQ:CHX opened at $25.27 on Friday. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $35.94. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market capitalization of $4.82 billion, a PE ratio of 15.32 and a beta of 1.81. The stock has a 50-day simple moving average of $27.71 and a two-hundred day simple moving average of $28.77.

ChampionX (NASDAQ:CHX) last issued its 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 net margin of 8.81% and a return on equity of 19.84%. Analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) 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.