California Public Employees Retirement System Sells 34,405 Shares of ChampionX Co. (NASDAQ:CHX)

California Public Employees Retirement System cut its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 291,795 shares of the company's stock after selling 34,405 shares during the period. California Public Employees Retirement System owned approximately 0.15% of ChampionX worth $7,934,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Benjamin Edwards Inc. increased its holdings in ChampionX by 31.9% in the third quarter. Benjamin Edwards Inc. now owns 16,975 shares of the company's stock worth $512,000 after purchasing an additional 4,105 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of ChampionX by 4.3% during the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock valued at $405,000 after acquiring an additional 564 shares during the period. Quantinno Capital Management LP bought a new position in ChampionX during the third quarter worth $265,000. Stifel Financial Corp increased its stake in ChampionX by 3.9% in the third quarter. Stifel Financial Corp now owns 153,756 shares of the company's stock valued at $4,636,000 after purchasing an additional 5,833 shares in the last quarter. Finally, State Street Corp boosted its position in shares of ChampionX by 1.7% during the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company's stock worth $223,776,000 after purchasing an additional 122,622 shares in the last quarter. 98.99% of the stock is owned by institutional investors and hedge funds.

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ChampionX Stock Up 4.6 %

ChampionX stock traded up $1.08 during midday trading on Friday, reaching $24.47. The stock had a trading volume of 5,858,165 shares, compared to its average volume of 2,511,967. The company has a fifty day moving average price of $28.49 and a two-hundred day moving average price of $29.15. The company has a market capitalization of $4.67 billion, a P/E ratio of 14.83 and a beta of 1.81. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $39.00.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. As a group, equities analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders 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.