ChampionX Co. (NASDAQ:CHX) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC trimmed its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 4.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 168,576 shares of the company’s stock after selling 7,251 shares during the period. Natixis Advisors LLC owned approximately 0.09% of ChampionX worth $4,584,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CHX. Skandinaviska Enskilda Banken AB publ boosted its position in ChampionX by 4.1% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 123,226 shares of the company’s stock worth $3,290,000 after acquiring an additional 4,830 shares during the period. Vestcor Inc raised 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 in the last quarter. Swiss National Bank raised its stake in shares of ChampionX by 0.8% in the 4th quarter. Swiss National Bank now owns 374,722 shares of the company’s stock valued at $10,189,000 after acquiring an additional 3,100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in ChampionX by 16.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,218 shares of the company’s stock worth $1,365,000 after buying an additional 7,266 shares during the period. Finally, Alpine Associates Management Inc. increased its position in ChampionX by 63.5% in the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock worth $32,158,000 after buying an additional 459,200 shares during the period. 98.99% of the stock is owned by institutional investors and hedge funds.

ChampionX Stock Performance

Shares of NASDAQ CHX opened at $29.54 on Friday. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The company has a market cap of $5.64 billion, a P/E ratio of 17.90 and a beta of 2.28. The business’s 50 day moving average is $29.34 and its two-hundred day moving average is $29.44. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating the consensus estimate 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 expect that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The business 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 $0.095 dividend. The ex-dividend date 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 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.