ChampionX Co. (NASDAQ:CHX) Position Reduced by ClearAlpha Technologies LP

ClearAlpha Technologies LP trimmed its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 4.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 259,966 shares of the company's stock after selling 13,443 shares during the period. ChampionX makes up approximately 4.8% of ClearAlpha Technologies LP's holdings, making the stock its 5th biggest holding. ClearAlpha Technologies LP owned approximately 0.14% of ChampionX worth $7,068,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CHX. Jones Financial Companies Lllp raised its position in ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after purchasing an additional 559 shares during the period. Venturi Wealth Management LLC raised its holdings in ChampionX by 1,051.8% during the 4th quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after buying an additional 1,725 shares during the period. R Squared Ltd purchased a new stake in ChampionX during the 4th quarter valued at $103,000. Vestcor Inc lifted its position in ChampionX by 71.6% in the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after buying an additional 2,100 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in ChampionX by 82,557.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock worth $157,000 after buying an additional 5,779 shares during the period. 98.99% of the stock is currently owned by institutional investors.

ChampionX Trading Down 1.1 %

Shares of CHX traded down $0.27 during midday trading on Friday, hitting $25.00. The stock had a trading volume of 4,962,517 shares, compared to its average volume of 2,552,132. The stock's 50 day moving average is $27.71 and its 200 day moving average is $28.77. The firm has a market cap of $4.77 billion, a PE ratio of 15.15 and a beta of 1.81. 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 1 year low of $21.92 and a 1 year high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 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, analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The firm 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. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.52%. 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.