Clearbridge Investments LLC cut its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 99.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,136 shares of the company's stock after selling 1,825,125 shares during the quarter. Clearbridge Investments LLC's holdings in ChampionX were worth $330,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the business. Norges Bank purchased a new stake in shares of ChampionX in the fourth quarter worth about $74,032,000. Calamos Advisors LLC lifted its stake in shares of ChampionX by 470.4% in the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock valued at $40,635,000 after purchasing an additional 1,232,500 shares during the period. Birnam Oak Advisors LP acquired a new stake in ChampionX during the fourth quarter valued at $17,037,000. Oddo BHF Asset Management Sas purchased a new position in ChampionX in the third quarter valued at $15,075,000. Finally, Alpine Associates Management Inc. raised its position in shares of ChampionX by 63.5% in the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock worth $32,158,000 after acquiring an additional 459,200 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.
ChampionX Price Performance
ChampionX stock traded up $0.22 during trading on Tuesday, reaching $23.53. The company had a trading volume of 2,123,349 shares, compared to its average volume of 2,385,076. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market capitalization of $4.49 billion, a PE ratio of 14.25 and a beta of 1.81. ChampionX Co. has a 1-year low of $22.32 and a 1-year high of $39.95. The firm's 50-day simple moving average is $29.10 and its 200 day simple moving average is $29.41.
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, topping 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 research analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.
ChampionX Announces Dividend
The company also recently declared 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.61%. The ex-dividend date of this dividend is Friday, April 4th. 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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