American Century Companies Inc. Raises Position in ChampionX Co. (NASDAQ:CHX)

American Century Companies Inc. raised its stake in ChampionX Co. (NASDAQ:CHX) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,565,697 shares of the company’s stock after purchasing an additional 14,250 shares during the quarter. American Century Companies Inc.’s holdings in ChampionX were worth $205,711,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of CHX. Calamos Advisors LLC raised its stake in shares of ChampionX by 470.4% in the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock worth $40,635,000 after purchasing an additional 1,232,500 shares during the last quarter. Westchester Capital Management LLC raised its stake in shares of ChampionX by 67.8% in the third quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock worth $85,268,000 after purchasing an additional 1,142,628 shares during the last quarter. Birnam Oak Advisors LP purchased a new stake in shares of ChampionX in the fourth quarter worth approximately $17,037,000. Oddo BHF Asset Management Sas purchased a new stake in shares of ChampionX in the third quarter worth approximately $15,075,000. Finally, Alpine Associates Management Inc. raised its stake in shares of ChampionX by 63.5% in the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock worth $32,158,000 after purchasing an additional 459,200 shares during the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Stock Performance

Shares of CHX opened at $29.54 on Friday. 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 has a market capitalization of $5.64 billion, a price-to-earnings ratio of 17.90 and a beta of 2.28. The stock has a 50 day moving average of $29.34 and a 200 day moving average of $29.44. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating 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%. As a group, sell-side analysts forecast 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 given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend is Friday, April 4th. 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.