ChampionX Co. (NASDAQ:CHX) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP raised its stake in shares of ChampionX Co. (NASDAQ:CHX) by 23.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,100 shares of the company’s stock after purchasing an additional 16,220 shares during the quarter. ExodusPoint Capital Management LP’s holdings in ChampionX were worth $2,314,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of CHX. Norges Bank purchased a new stake in shares of ChampionX during the fourth quarter valued at $74,032,000. Calamos Advisors LLC grew its stake in ChampionX by 470.4% during the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock valued at $40,635,000 after purchasing an additional 1,232,500 shares during the last quarter. Birnam Oak Advisors LP acquired a new position in shares of ChampionX in the fourth quarter valued at about $17,037,000. Oddo BHF Asset Management Sas purchased a new position in shares of ChampionX in the third quarter worth about $15,075,000. Finally, Alpine Associates Management Inc. lifted its holdings in shares of ChampionX by 63.5% during 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 period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Price Performance

Shares of NASDAQ CHX opened at $23.31 on Tuesday. ChampionX Co. has a 52 week low of $22.32 and a 52 week high of $39.95. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The firm has a market cap of $4.45 billion, a P/E ratio of 14.13 and a beta of 1.81. The business’s 50 day moving average price is $29.10 and its 200 day moving average price is $29.41.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data 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, sell-side analysts expect that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.63%. ChampionX’s dividend payout ratio (DPR) is presently 23.03%.

ChampionX 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.