BTG Pactual Asset Management US LLC Takes Position in ChampionX Co. (NASDAQ:CHX)

BTG Pactual Asset Management US LLC purchased a new position in shares of ChampionX Co. (NASDAQ:CHX) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,000 shares of the company’s stock, valued at approximately $272,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its stake in shares of ChampionX by 153.2% in the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after acquiring an additional 559 shares during the period. Venturi Wealth Management LLC raised its holdings in ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after purchasing an additional 1,725 shares in the last quarter. R Squared Ltd acquired a new stake in ChampionX in the fourth quarter valued at about $103,000. Vestcor Inc boosted its holdings in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company’s stock valued at $137,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. increased its position in ChampionX by 82,557.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock worth $157,000 after purchasing an additional 5,779 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Performance

Shares of CHX stock opened at $24.47 on Monday. 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 50 day simple moving average of $28.49 and a 200-day simple moving average of $29.14. The company has a market cap of $4.67 billion, a price-to-earnings ratio of 14.83 and a beta of 1.81. ChampionX Co. has a 12-month low of $21.92 and a 12-month high of $37.83.

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, equities analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio is currently 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.