Loomis Sayles & Co. L P Sells 20,107 Shares of ChampionX Co. (NASDAQ:CHX)

Loomis Sayles & Co. L P cut its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 644,206 shares of the company's stock after selling 20,107 shares during the quarter. Loomis Sayles & Co. L P owned about 0.34% of ChampionX worth $17,516,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of ChampionX by 123.7% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after acquiring an additional 136,132 shares during the last quarter. Van ECK Associates Corp raised its holdings in ChampionX by 0.3% in the 4th 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 in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of ChampionX during the 4th quarter worth $12,080,000. Silphium Asset Management Ltd raised its stake in ChampionX by 88.1% in the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock valued at $9,955,000 after purchasing an additional 171,531 shares in the last quarter. Finally, State Street Corp grew its stake in ChampionX by 1.7% during the third quarter. State Street Corp now owns 7,422,097 shares of the company's stock worth $223,776,000 after buying an additional 122,622 shares in the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

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ChampionX Price Performance

NASDAQ:CHX traded down $0.03 during mid-day trading on Wednesday, reaching $30.00. The stock had a trading volume of 3,651,854 shares, compared to its average volume of 3,733,745. The stock has a 50-day simple moving average of $29.39 and a two-hundred day simple moving average of $29.51. 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 12 month low of $25.57 and a 12 month high of $39.95. The stock has a market capitalization of $5.72 billion, a PE ratio of 18.18 and a beta of 2.28.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly 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%. On average, equities analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is currently 23.03%.

ChampionX 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.