Vestcor Inc Has $137,000 Position in ChampionX Co. (NASDAQ:CHX)

Vestcor Inc grew its stake in shares of ChampionX Co. (NASDAQ:CHX) by 71.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 5,032 shares of the company’s stock after purchasing an additional 2,100 shares during the period. Vestcor Inc’s holdings in ChampionX were worth $137,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in CHX. Calamos Advisors LLC raised its position in shares of ChampionX by 470.4% during the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock valued at $40,635,000 after buying an additional 1,232,500 shares during the last quarter. Westchester Capital Management LLC raised its position in ChampionX by 67.8% in the third quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock worth $85,268,000 after purchasing an additional 1,142,628 shares in the last quarter. Oddo BHF Asset Management Sas bought a new position in ChampionX during the third quarter worth about $15,075,000. Alpine Associates Management Inc. boosted its holdings in ChampionX by 63.5% during the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock valued at $32,158,000 after purchasing an additional 459,200 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of ChampionX in the 4th quarter valued at approximately $12,080,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Down 0.5 %

Shares of CHX opened at $29.49 on Wednesday. The stock has a 50 day simple moving average of $29.22 and a 200-day simple moving average of $29.45. 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 stock has a market cap of $5.63 billion, a PE ratio of 17.87 and a beta of 2.28. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95.

ChampionX (NASDAQ:CHX) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. On average, sell-side analysts predict that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.29%. 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.