ChampionX Co. (NASDAQ:CHX) Holdings Reduced by Congress Asset Management Co.

Congress Asset Management Co. lowered its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 12.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 268,257 shares of the company's stock after selling 37,699 shares during the quarter. Congress Asset Management Co. owned 0.14% of ChampionX worth $7,294,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. increased its position in shares of ChampionX by 442.4% in the 3rd quarter. Blue Trust Inc. now owns 1,329 shares of the company's stock worth $44,000 after purchasing an additional 1,084 shares during the last quarter. R Squared Ltd bought a new stake in shares of ChampionX in the 4th quarter worth about $103,000. KBC Group NV increased its position in shares of ChampionX by 18.3% in the 3rd quarter. KBC Group NV now owns 5,827 shares of the company's stock worth $176,000 after purchasing an additional 903 shares during the last quarter. Quantinno Capital Management LP bought a new stake in shares of ChampionX in the 3rd quarter worth about $265,000. Finally, Coldstream Capital Management Inc. increased its position in shares of ChampionX by 6.6% in the 3rd quarter. Coldstream Capital Management Inc. now owns 9,625 shares of the company's stock worth $290,000 after purchasing an additional 594 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Stock Performance

Shares of NASDAQ:CHX traded down $0.38 during trading on Wednesday, reaching $29.96. 2,939,828 shares of the company's stock traded hands, compared to its average volume of 3,049,620. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The company has a 50 day moving average of $28.47 and a 200-day moving average of $29.75. The stock has a market capitalization of $5.72 billion, a P/E ratio of 18.16 and a beta of 2.35.

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

ChampionX Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 31st. Investors of record on Friday, January 3rd were given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, January 3rd. ChampionX's dividend payout ratio is presently 23.03%.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of ChampionX from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Thursday, November 14th.

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.