Calamos Advisors LLC Raises Position in ChampionX Co. (NASDAQ:CHX)

Calamos Advisors LLC increased its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 470.4% during the fourth quarter, HoldingsChannel reports. The firm owned 1,494,500 shares of the company’s stock after buying an additional 1,232,500 shares during the period. Calamos Advisors LLC’s holdings in ChampionX were worth $40,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of CHX. Quest Partners LLC grew its stake in shares of ChampionX by 86.8% during the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock valued at $2,083,000 after purchasing an additional 32,103 shares during the period. State Street Corp increased its holdings in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after buying an additional 122,622 shares during the last quarter. Barclays PLC raised its position in ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company’s stock worth $10,766,000 after acquiring an additional 212,654 shares during the period. Geode Capital Management LLC raised its holdings in ChampionX by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock worth $139,239,000 after purchasing an additional 63,119 shares during the period. Finally, Raymond James & Associates lifted its position in ChampionX by 3.1% during the third quarter. Raymond James & Associates now owns 225,285 shares of the company’s stock valued at $6,792,000 after purchasing an additional 6,695 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Citigroup decreased their price objective on ChampionX from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Thursday, November 14th.

ChampionX Price Performance

Shares of ChampionX stock opened at $28.53 on Tuesday. The stock’s 50-day simple moving average is $28.63 and its 200-day simple moving average is $30.11. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 17.72 and a beta of 2.35. ChampionX Co. has a 52 week low of $25.57 and a 52 week high of $39.95. The company has a quick ratio of 1.20, a current ratio of 1.94 and a debt-to-equity ratio of 0.33.

ChampionX Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 3rd were given a dividend of $0.095 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.33%. ChampionX’s dividend payout ratio is currently 23.60%.

Insider Buying and Selling at ChampionX

In other news, insider Deric D. Bryant sold 49,303 shares of ChampionX stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $30.06, for a total value of $1,482,048.18. Following the transaction, the insider now directly owns 337,409 shares in the company, valued at approximately $10,142,514.54. This trade represents a 12.75 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.38% of the stock is owned by company insiders.

ChampionX Company 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.