Cramer Rosenthal Mcglynn LLC Trims Stock Position in ChampionX Co. (NASDAQ:CHX)

Cramer Rosenthal Mcglynn LLC trimmed its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 86.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 99,305 shares of the company's stock after selling 660,255 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 0.05% of ChampionX worth $2,700,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CHX. Vanguard Group Inc. increased its position in ChampionX by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock worth $542,830,000 after purchasing an additional 227,627 shares during the period. Norges Bank acquired a new position in ChampionX during the fourth quarter worth $74,032,000. Charles Schwab Investment Management Inc. grew its holdings in ChampionX by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock worth $72,853,000 after acquiring an additional 56,283 shares during the period. Van ECK Associates Corp lifted its holdings in ChampionX by 0.3% in the fourth quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock valued at $71,764,000 after acquiring an additional 9,056 shares during the period. Finally, Magnetar Financial LLC boosted its position in shares of ChampionX by 2.2% during the 4th quarter. Magnetar Financial LLC now owns 2,344,608 shares of the company's stock worth $63,750,000 after purchasing an additional 50,545 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

Shares of NASDAQ:CHX traded down $0.26 on Wednesday, reaching $24.72. 1,359,413 shares of the company were exchanged, compared to its average volume of 2,531,726. The company has a 50-day moving average of $27.89 and a 200-day moving average of $28.85. 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 firm has a market cap of $4.72 billion, a price-to-earnings ratio of 14.98 and a beta of 1.81. 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 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%. Equities analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.54%. 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.