American Century Companies Inc. Buys 14,250 Shares of ChampionX Co. (NASDAQ:CHX)

American Century Companies Inc. raised its stake in ChampionX Co. (NASDAQ:CHX) by 0.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,565,697 shares of the company’s stock after buying an additional 14,250 shares during the period. American Century Companies Inc. owned about 3.97% of ChampionX worth $205,711,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CHX. Calamos Advisors LLC boosted its position in shares of ChampionX by 470.4% during the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock valued at $40,635,000 after purchasing an additional 1,232,500 shares in the last quarter. Westchester Capital Management LLC boosted its position in shares of 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 purchasing an additional 1,142,628 shares in the last quarter. Birnam Oak Advisors LP bought a new stake in shares of ChampionX during the 4th quarter valued at about $17,037,000. Oddo BHF Asset Management Sas bought a new stake in shares of ChampionX during the 3rd quarter valued at about $15,075,000. Finally, Alpine Associates Management Inc. boosted its position in shares of 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 purchasing an additional 459,200 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Stock Down 0.2 %

Shares of ChampionX stock opened at $29.54 on Friday. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The stock’s 50-day moving average is $29.34 and its 200 day moving average is $29.44. The firm has a market cap of $5.64 billion, a price-to-earnings ratio of 17.90 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings results 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%. Equities research 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. Shareholders of record on Friday, April 4th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.29%. ChampionX’s payout ratio is currently 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.