Caxton Associates LP Purchases New Shares in ChampionX Co. (NASDAQ:CHX)

by · The Cerbat Gem

Caxton Associates LP acquired a new position in ChampionX Co. (NASDAQ:CHX – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 301,207 shares of the company’s stock, valued at approximately $8,190,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Barclays PLC grew its stake in ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company’s stock worth $10,766,000 after purchasing an additional 212,654 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of ChampionX by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company’s stock worth $3,559,000 after buying an additional 3,931 shares during the period. Park Avenue Securities LLC grew its position in shares of ChampionX by 7.6% in the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the company’s stock worth $784,000 after buying an additional 2,031 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of ChampionX by 899.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company’s stock worth $5,740,000 after acquiring an additional 189,977 shares in the last quarter. Finally, KBC Group NV boosted its stake in ChampionX by 42.3% during the fourth quarter. KBC Group NV now owns 8,289 shares of the company’s stock worth $225,000 after acquiring an additional 2,462 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Price Performance

Shares of CHX opened at $25.23 on Monday. The firm’s 50-day simple moving average is $27.10 and its two-hundred day simple moving average is $28.45. ChampionX Co. has a fifty-two week low of $21.92 and a fifty-two week high of $35.94. The stock has a market cap of $4.81 billion, a PE ratio of 15.29 and a beta of 1.81. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX – Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.09. The company had revenue of $864.46 million for the quarter, compared to the consensus estimate of $900.59 million. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The firm’s quarterly revenue was down 6.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.50 EPS. Analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were issued a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.51%. ChampionX’s payout ratio is presently 25.17%.

ChampionX Profile

(Free Report)

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.

See Also

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