Alliancebernstein L.P. Sells 314,494 Shares of ChampionX Co. (NASDAQ:CHX)

Alliancebernstein L.P. cut its holdings in ChampionX Co. (NASDAQ:CHX) by 15.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,701,390 shares of the company’s stock after selling 314,494 shares during the period. Alliancebernstein L.P.’s holdings in ChampionX were worth $46,261,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp boosted its position in 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 purchasing an additional 559 shares during the last quarter. Venturi Wealth Management LLC raised its stake 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 worth $51,000 after purchasing an additional 1,725 shares during the period. R Squared Ltd purchased a new position in shares of ChampionX in the 4th quarter worth about $103,000. Vestcor Inc grew its position in ChampionX by 71.6% during the fourth quarter. Vestcor Inc now owns 5,032 shares of the company’s stock valued at $137,000 after buying an additional 2,100 shares during the period. Finally, Brown Brothers Harriman & Co. increased its holdings in ChampionX by 82,557.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock worth $157,000 after buying an additional 5,779 shares during the last quarter. 98.99% of the stock is owned by institutional investors.

ChampionX Stock Down 11.9 %

CHX opened at $24.35 on Friday. ChampionX Co. has a twelve month low of $23.66 and a twelve month high of $39.95. The company’s 50-day moving average price is $29.24 and its two-hundred day moving average price is $29.47. The stock has a market cap of $4.65 billion, a price-to-earnings ratio of 14.76 and a beta of 2.28. 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 posted its quarterly earnings data 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%. As a group, equities analysts expect that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

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 issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.56%. The ex-dividend date of this dividend is Friday, April 4th. 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.