Kennedy Capital Management LLC Grows Stock Holdings in ChampionX Co. (NASDAQ:CHX)

Kennedy Capital Management LLC increased its stake in ChampionX Co. (NASDAQ:CHX) by 20.9% during the 4th quarter, HoldingsChannel reports. The firm owned 287,458 shares of the company’s stock after buying an additional 49,675 shares during the period. Kennedy Capital Management LLC’s holdings in ChampionX were worth $7,816,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Pinnacle Holdings LLC purchased a new position in shares of ChampionX in the 4th quarter worth $277,000. Greenland Capital Management LP boosted its position in ChampionX by 103.6% in the fourth quarter. Greenland Capital Management LP now owns 122,179 shares of the company’s stock worth $3,322,000 after purchasing an additional 62,179 shares during the last quarter. Abacus FCF Advisors LLC boosted its position in ChampionX by 46.4% in the fourth quarter. Abacus FCF Advisors LLC now owns 25,437 shares of the company’s stock worth $692,000 after purchasing an additional 8,060 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of ChampionX by 39.7% during the 4th quarter. Renaissance Technologies LLC now owns 481,016 shares of the company’s stock valued at $13,079,000 after purchasing an additional 136,800 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of ChampionX by 24.6% in the 4th quarter. Legal & General Group Plc now owns 648,066 shares of the company’s stock worth $17,621,000 after purchasing an additional 127,805 shares during the period. Institutional investors own 98.99% of the company’s stock.

ChampionX Stock Performance

CHX opened at $23.39 on Friday. The company’s 50 day moving average is $28.58 and its 200 day moving average is $29.18. 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 cap of $4.46 billion, a price-to-earnings ratio of 14.18 and a beta of 1.81. ChampionX Co. has a 12-month low of $21.92 and a 12-month high of $39.00.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping 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, equities research analysts predict that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio is presently 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.