Level Four Advisory Services LLC Decreases Stock Position in ChampionX Co. (NASDAQ:CHX)

Level Four Advisory Services LLC lessened its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 37.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,004 shares of the company's stock after selling 14,509 shares during the quarter. Level Four Advisory Services LLC's holdings in ChampionX were worth $653,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Jones Financial Companies Lllp boosted its holdings in 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 during the last quarter. Venturi Wealth Management LLC lifted its stake in shares of ChampionX by 1,051.8% in the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after purchasing an additional 1,725 shares in the last quarter. R Squared Ltd purchased a new stake in shares of ChampionX during the 4th quarter worth about $103,000. Vestcor Inc increased its position in ChampionX by 71.6% during the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after purchasing an additional 2,100 shares in the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in ChampionX during the 4th quarter worth approximately $205,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Trading Down 11.9 %

CHX stock traded down $3.29 during midday trading on Friday, reaching $24.35. 12,117,653 shares of the company's stock traded hands, compared to its average volume of 2,384,306. 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 fifty-two week low of $23.68 and a fifty-two week high of $39.95. The business has a 50-day moving average price of $29.24 and a two-hundred day moving average price of $29.47. The company has a market capitalization of $4.65 billion, a P/E ratio of 14.76 and a beta of 2.28.

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ChampionX (NASDAQ:CHX - Get Free Report) last posted 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 net margin of 8.81% and a return on equity of 19.84%. Equities research analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a $0.095 dividend. This represents a $0.38 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's payout ratio is 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.