Picton Mahoney Asset Management Has $16.98 Million Position in ChampionX Co. (NASDAQ:CHX)

Picton Mahoney Asset Management lessened its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 10.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 624,470 shares of the company's stock after selling 75,000 shares during the period. Picton Mahoney Asset Management owned 0.33% of ChampionX worth $16,978,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in shares of ChampionX by 153.2% in the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock worth $25,000 after acquiring an additional 559 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock worth $51,000 after acquiring an additional 1,725 shares during the last quarter. R Squared Ltd acquired a new stake in shares of ChampionX in the fourth quarter worth $103,000. Vestcor Inc grew its stake in shares of 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 last quarter. Finally, KBC Group NV grew its stake in shares of ChampionX by 18.3% in the third quarter. KBC Group NV now owns 5,827 shares of the company's stock worth $176,000 after acquiring an additional 903 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Price Performance

Shares of ChampionX stock remained flat at $29.49 during midday trading on Wednesday. 5,795,605 shares of the stock traded hands, compared to its average volume of 2,111,308. The company's fifty day moving average price is $29.22 and its 200 day moving average price is $29.45. The company has a market cap of $5.63 billion, a PE ratio of 17.87 and a beta of 2.28. 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 twelve month low of $25.57 and a twelve month high of $39.95.

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ChampionX (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates 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 expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Announces Dividend

The firm 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 dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. ChampionX's dividend payout ratio is currently 23.03%.

About ChampionX

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.