Envestnet Asset Management Inc. Sells 71,863 Shares of ChampionX Co. (NASDAQ:CHX)

Envestnet Asset Management Inc. lowered its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 756,762 shares of the company's stock after selling 71,863 shares during the quarter. Envestnet Asset Management Inc. owned 0.40% of ChampionX worth $20,576,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. HighTower Advisors LLC lifted its holdings in shares of ChampionX by 4.3% in the 3rd quarter. HighTower Advisors LLC now owns 13,621 shares of the company's stock worth $405,000 after acquiring an additional 564 shares during the last quarter. Quantinno Capital Management LP bought a new stake in ChampionX in the third quarter worth about $265,000. Stifel Financial Corp boosted its position in shares of ChampionX by 3.9% during the third quarter. Stifel Financial Corp now owns 153,756 shares of the company's stock valued at $4,636,000 after buying an additional 5,833 shares during the period. MML Investors Services LLC grew its stake in shares of ChampionX by 8.9% during the third quarter. MML Investors Services LLC now owns 89,145 shares of the company's stock valued at $2,688,000 after buying an additional 7,299 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after buying an additional 212,654 shares during the period. 98.99% of the stock is currently owned by institutional investors.

ChampionX Trading Up 2.9 %

ChampionX stock traded up $0.72 during mid-day trading on Friday, hitting $25.41. The company's stock had a trading volume of 3,021,430 shares, compared to its average volume of 2,528,685. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The company has a 50 day moving average of $28.07 and a 200-day moving average of $28.97. ChampionX Co. has a one year low of $21.92 and a one year high of $36.16. The stock has a market cap of $4.85 billion, a PE ratio of 15.40 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results 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, research analysts anticipate that ChampionX Co. will post 1.92 EPS for the current 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 paid a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.50%. ChampionX's dividend payout ratio (DPR) is currently 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.