Bessemer Group Inc. Has $342,000 Stock Position in ChampionX Co. (NASDAQ:CHX)

Bessemer Group Inc. cut its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 99.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,588 shares of the company's stock after selling 3,116,262 shares during the quarter. Bessemer Group Inc.'s holdings in ChampionX were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of ChampionX by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock valued at $542,830,000 after purchasing an additional 227,627 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of ChampionX by 1.4% during the third quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company's stock worth $139,239,000 after buying an additional 63,119 shares in the last quarter. Norges Bank bought a new stake in shares of ChampionX in the fourth quarter valued at about $74,032,000. Charles Schwab Investment Management Inc. increased its position in ChampionX by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock worth $72,853,000 after acquiring an additional 56,283 shares during the period. Finally, Van ECK Associates Corp boosted 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 purchasing an additional 9,056 shares during the period. Institutional investors own 98.99% of the company's stock.

ChampionX Stock Performance

Shares of CHX traded down $0.53 during mid-day trading on Monday, hitting $24.88. 286,574 shares of the company's stock were exchanged, compared to its average volume of 2,518,101. The firm has a market cap of $4.75 billion, a price-to-earnings ratio of 15.08 and a beta of 1.81. ChampionX Co. has a 52 week low of $21.92 and a 52 week high of $35.94. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock's 50-day simple moving average is $28.07 and its 200-day simple moving average is $28.93.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 earnings per share 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 research analysts expect that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The company also recently disclosed 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 is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.53%. ChampionX's payout ratio is 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.