Birnam Oak Advisors LP bought a new position in ChampionX Co. (NASDAQ:CHX – Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 626,588 shares of the company’s stock, valued at approximately $17,037,000. ChampionX makes up approximately 8.3% of Birnam Oak Advisors LP’s investment portfolio, making the stock its 5th largest holding. Birnam Oak Advisors LP owned about 0.33% of ChampionX as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of CHX. Nikko Asset Management Americas Inc. grew its holdings in shares of ChampionX by 8.0% in the fourth quarter. Nikko Asset Management Americas Inc. now owns 17,144 shares of the company’s stock worth $466,000 after acquiring an additional 1,265 shares during the period. Cibc World Markets Corp bought a new stake in shares of ChampionX in the fourth quarter worth $485,000. Skandinaviska Enskilda Banken AB publ grew its holdings in shares of ChampionX by 4.1% in the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 123,226 shares of the company’s stock worth $3,290,000 after acquiring an additional 4,830 shares during the period. Vestcor Inc grew its holdings in shares of ChampionX by 71.6% in the fourth quarter. Vestcor Inc now owns 5,032 shares of the company’s stock worth $137,000 after acquiring an additional 2,100 shares during the period. Finally, Swiss National Bank grew its holdings in shares of ChampionX by 0.8% in the fourth quarter. Swiss National Bank now owns 374,722 shares of the company’s stock worth $10,189,000 after acquiring an additional 3,100 shares during the period. Institutional investors own 98.99% of the company’s stock.
ChampionX Stock Performance
Shares of CHX opened at $29.65 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95. The firm has a market capitalization of $5.66 billion, a P/E ratio of 17.97 and a beta of 2.28. The business has a fifty day moving average of $29.19 and a 200 day moving average of $29.46.
ChampionX Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. ChampionX’s payout ratio is 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.
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