Alliancebernstein L.P. Decreases Stake in ChampionX Co. (NASDAQ:CHX)

Alliancebernstein L.P. decreased its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 15.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,701,390 shares of the company's stock after selling 314,494 shares during the quarter. Alliancebernstein L.P. owned about 0.89% of ChampionX worth $46,261,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Arizona State Retirement System boosted its holdings in shares of ChampionX by 0.8% during the 4th quarter. Arizona State Retirement System now owns 55,268 shares of the company's stock valued at $1,503,000 after buying an additional 436 shares in the last quarter. Pacer Advisors Inc. boosted its stake in ChampionX by 1.9% during the fourth quarter. Pacer Advisors Inc. now owns 28,394 shares of the company's stock worth $772,000 after acquiring an additional 532 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after purchasing an additional 559 shares during the period. HighTower Advisors LLC increased its stake in shares of ChampionX by 4.3% during the third quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock valued at $405,000 after purchasing an additional 564 shares in the last quarter. Finally, Coldstream Capital Management Inc. lifted its holdings in shares of ChampionX by 6.6% during the third quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company's stock valued at $290,000 after purchasing an additional 594 shares during the last quarter. Institutional investors own 98.99% of the company's stock.

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ChampionX Stock Down 6.7 %

Shares of ChampionX stock traded down $1.70 during midday trading on Thursday, hitting $23.65. The company had a trading volume of 7,606,499 shares, compared to its average volume of 2,453,579. The company has a 50 day moving average of $28.69 and a 200 day moving average of $29.24. The stock has a market capitalization of $4.51 billion, a P/E ratio of 14.37 and a beta of 1.81. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $39.00. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, beating 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 predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

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 1.61%. ChampionX's dividend payout ratio is presently 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.