Corebridge Financial Inc. Sells 16,783 Shares of ChampionX Co. (NASDAQ:CHX)

Corebridge Financial Inc. trimmed its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 5.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 309,086 shares of the company's stock after selling 16,783 shares during the quarter. Corebridge Financial Inc. owned approximately 0.16% of ChampionX worth $8,404,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also bought and sold shares of the company. Jones Financial Companies Lllp increased its holdings in ChampionX by 153.2% during the 4th 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 increased its stake in shares of ChampionX by 1,051.8% during the fourth 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 bought a new position in shares of ChampionX during the fourth quarter valued at approximately $103,000. Vestcor Inc lifted its stake 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 acquiring an additional 2,100 shares during the period. Finally, KBC Group NV boosted its holdings in ChampionX by 42.3% in the fourth quarter. KBC Group NV now owns 8,289 shares of the company's stock valued at $225,000 after acquiring an additional 2,462 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Trading Up 0.7 %

NASDAQ CHX traded up $0.22 during trading on Tuesday, hitting $30.02. The company had a trading volume of 6,795,497 shares, compared to its average volume of 2,393,125. The company's fifty day moving average is $29.39 and its 200-day moving average is $29.51. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 18.19 and a beta of 2.28.

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ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS 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%. On average, sell-side analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

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 given a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. ChampionX's dividend payout ratio is presently 23.03%.

ChampionX Company 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.