Earnest Partners LLC Sells 21,446 Shares of ChampionX Co. (NASDAQ:CHX)

Earnest Partners LLC trimmed its position in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,221,693 shares of the company's stock after selling 21,446 shares during the period. Earnest Partners LLC owned about 0.64% of ChampionX worth $33,218,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CHX. Westchester Capital Management LLC increased its position in shares of ChampionX by 14.7% during the fourth quarter. Westchester Capital Management LLC now owns 3,243,134 shares of the company's stock valued at $88,181,000 after buying an additional 414,995 shares during the period. Adage Capital Partners GP L.L.C. raised its position in shares of ChampionX by 135.5% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,467,451 shares of the company's stock worth $39,900,000 after acquiring an additional 844,301 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in shares of ChampionX by 5.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 170,018 shares of the company's stock valued at $4,624,000 after purchasing an additional 9,529 shares during the period. Pinebridge Investments L.P. boosted its position in shares of ChampionX by 43.0% during the fourth quarter. Pinebridge Investments L.P. now owns 65,302 shares of the company's stock valued at $1,776,000 after purchasing an additional 19,647 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in ChampionX by 219.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 24,349 shares of the company's stock worth $662,000 after purchasing an additional 16,726 shares during the period. Institutional investors own 98.99% of the company's stock.

ChampionX Stock Up 2.8 %

Shares of CHX stock traded up $0.69 during trading hours on Friday, hitting $25.23. 3,727,344 shares of the company's stock traded hands, compared to its average volume of 2,611,255. 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 has a market cap of $4.81 billion, a price-to-earnings ratio of 15.29 and a beta of 1.81. The stock's fifty day simple moving average is $27.18 and its two-hundred day simple moving average is $28.52. ChampionX Co. has a 12-month low of $21.92 and a 12-month high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, topping analysts' consensus estimates of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The company had revenue of $864.46 million during the quarter, compared to analyst estimates of $900.59 million. During the same period in the previous year, the business earned $0.50 EPS. The firm's revenue for the quarter was down 6.3% on a year-over-year basis. On average, 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 was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were paid a $0.095 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.51%. ChampionX's dividend payout ratio (DPR) is 25.17%.

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.