Nikko Asset Management Americas Inc. Purchases 1,265 Shares of ChampionX Co. (NASDAQ:CHX)

Nikko Asset Management Americas Inc. increased its position in ChampionX Co. (NASDAQ:CHX) by 8.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,144 shares of the company’s stock after purchasing an additional 1,265 shares during the period. Nikko Asset Management Americas Inc.’s holdings in ChampionX were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CHX. Calamos Advisors LLC boosted its stake in ChampionX by 470.4% in the 4th 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 in the last quarter. Westchester Capital Management LLC lifted its stake in ChampionX by 67.8% during the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock valued at $85,268,000 after acquiring an additional 1,142,628 shares during the period. Oddo BHF Asset Management Sas bought a new position in ChampionX during the 3rd quarter valued at about $15,075,000. Alpine Associates Management Inc. lifted its stake in ChampionX by 63.5% during the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock valued at $32,158,000 after acquiring an additional 459,200 shares during the period. Finally, Raymond James Financial Inc. bought a new position in ChampionX during the 4th quarter valued at about $12,080,000. Institutional investors own 98.99% of the company’s stock.

ChampionX Price Performance

CHX opened at $29.65 on Tuesday. 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 stock has a market capitalization of $5.66 billion, a P/E ratio of 17.97 and a beta of 2.28. The company’s 50-day simple moving average is $29.19 and its two-hundred day simple moving average is $29.46. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95.

ChampionX (NASDAQ:CHX) last posted its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (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%. As a group, analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s payout ratio is currently 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.