Geode Capital Management LLC Reduces Stock Holdings in ChampionX Co. (NASDAQ:CHX)

Geode Capital Management LLC lowered its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 0.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,601,923 shares of the company's stock after selling 15,464 shares during the period. Geode Capital Management LLC owned 2.41% of ChampionX worth $125,153,000 at the end of the most recent reporting period.

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

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ChampionX Trading Up 0.7 %

Shares of NASDAQ:CHX traded up $0.16 during trading on Monday, reaching $24.63. 327,340 shares of the company traded hands, compared to its average volume of 2,505,379. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $37.83. The business's fifty day moving average is $28.49 and its 200-day moving average is $29.14. The firm has a market capitalization of $4.70 billion, a price-to-earnings ratio of 14.93 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. As a group, analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Announces Dividend

The firm 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 dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's payout ratio 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.