Cerity Partners LLC Reduces Position in ChampionX Co. (NASDAQ:CHX)

Cerity Partners LLC decreased its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 24.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 115,379 shares of the company's stock after selling 36,659 shares during the period. Cerity Partners LLC owned approximately 0.06% of ChampionX worth $3,245,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of ChampionX in the 4th quarter worth approximately $74,032,000. Calamos Advisors LLC boosted its holdings in shares of ChampionX by 470.4% during the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock valued at $40,635,000 after buying an additional 1,232,500 shares in the last quarter. Birnam Oak Advisors LP purchased a new stake in shares of ChampionX in the 4th quarter worth about $17,037,000. Oddo BHF Asset Management Sas bought a new position in shares of ChampionX in the 3rd quarter worth about $15,075,000. Finally, Alpine Associates Management Inc. boosted its stake in ChampionX by 63.5% during the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock worth $32,158,000 after acquiring an additional 459,200 shares in the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

ChampionX Stock Up 2.9 %

Shares of NASDAQ CHX traded up $0.72 on Friday, reaching $25.41. 3,021,430 shares of the company's stock traded hands, compared to its average volume of 2,528,685. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $36.16. 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 company has a market cap of $4.85 billion, a price-to-earnings ratio of 15.40 and a beta of 1.81. The business's 50 day simple moving average is $28.07 and its two-hundred day simple moving average is $28.97.

ChampionX (NASDAQ:CHX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping 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%. As a group, equities research analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 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.