Cerity Partners LLC Reduces Stock Position in ChampionX Co. (NASDAQ:CHX)

Cerity Partners LLC lowered its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 24.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 115,379 shares of the company's stock after selling 36,659 shares during the quarter. Cerity Partners LLC owned about 0.06% of ChampionX worth $3,245,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in ChampionX by 123.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after purchasing an additional 136,132 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of ChampionX by 0.3% in the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after buying an additional 9,056 shares during the last quarter. Schroder Investment Management Group bought a new stake in shares of ChampionX in the 4th quarter worth about $472,000. Yakira Capital Management Inc. raised its position in shares of ChampionX by 29.9% during the 4th quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock valued at $5,935,000 after buying an additional 50,300 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of ChampionX in the 4th quarter valued at about $12,080,000. Hedge funds and other institutional investors own 98.99% of the company's stock.

ChampionX Trading Up 2.9 %

NASDAQ CHX traded up $0.72 during trading hours on Friday, hitting $25.41. 3,021,430 shares of the company were exchanged, compared to its average volume of 2,528,519. ChampionX Co. has a 52 week low of $21.92 and a 52 week high of $36.81. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $28.15 and a 200 day moving average price of $29.01. The stock has a market cap of $4.85 billion, a PE ratio of 15.40 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last released 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%. Analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.50%. 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.