AlphaQuest LLC decreased its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 95.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,892 shares of the company's stock after selling 66,210 shares during the quarter. AlphaQuest LLC's holdings in ChampionX were worth $79,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Jones Financial Companies Lllp lifted its position in shares of ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after acquiring an additional 559 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after acquiring an additional 1,725 shares in the last quarter. R Squared Ltd purchased a new position in shares of ChampionX in the fourth quarter valued at approximately $103,000. KBC Group NV lifted its position in shares of ChampionX by 18.3% in the third quarter. KBC Group NV now owns 5,827 shares of the company's stock valued at $176,000 after acquiring an additional 903 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of ChampionX in the fourth quarter valued at approximately $228,000. Hedge funds and other institutional investors own 98.99% of the company's stock.
ChampionX Price Performance
Shares of NASDAQ CHX traded down $0.06 during midday trading on Friday, hitting $29.54. The stock had a trading volume of 7,189,167 shares, compared to its average volume of 2,155,295. The company has a market capitalization of $5.64 billion, a PE ratio of 17.90 and a beta of 2.28. The stock has a 50 day simple moving average of $29.34 and a 200-day simple moving average of $29.44. ChampionX Co. has a 1 year low of $25.57 and a 1 year high of $39.95. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.
ChampionX (NASDAQ:CHX - Get Free Report) last released its 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, sell-side analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.
ChampionX Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors 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 dividend yield of 1.29%. ChampionX's dividend payout ratio is presently 23.03%.
ChampionX Company Profile
(
Free Report)
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.
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