Headlands Technologies LLC Increases Position in ChampionX Co. (NASDAQ:CHX)

Headlands Technologies LLC lifted its position in shares of ChampionX Co. (NASDAQ:CHX) by 83.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 128,814 shares of the company’s stock after purchasing an additional 58,415 shares during the period. Headlands Technologies LLC owned about 0.07% of ChampionX worth $3,502,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of ChampionX by 2.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 42,952 shares of the company’s stock worth $1,295,000 after buying an additional 1,011 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of ChampionX by 1.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 497,571 shares of the company’s stock valued at $15,002,000 after purchasing an additional 7,569 shares during the last quarter. Benjamin Edwards Inc. boosted its position in shares of ChampionX by 31.9% in the 3rd quarter. Benjamin Edwards Inc. now owns 16,975 shares of the company’s stock valued at $512,000 after purchasing an additional 4,105 shares during the period. ClearAlpha Technologies LP raised its position in ChampionX by 87.4% in the 3rd quarter. ClearAlpha Technologies LP now owns 273,409 shares of the company’s stock valued at $8,243,000 after purchasing an additional 127,482 shares during the last quarter. Finally, Holocene Advisors LP purchased a new position in shares of ChampionX during the third quarter worth about $444,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Down 0.2 %

NASDAQ:CHX opened at $29.80 on Tuesday. The firm has a market cap of $5.69 billion, a P/E ratio of 18.06 and a beta of 2.28. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12-month low of $25.57 and a 12-month high of $39.95. The stock’s 50 day simple moving average is $29.41 and its 200-day simple moving average is $29.50.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. Equities analysts anticipate that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid 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 is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) 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.