Marshall Wace LLP Sells 26,458 Shares of ChampionX Co. (NASDAQ:CHX)

Marshall Wace LLP reduced its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 16.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 137,500 shares of the company's stock after selling 26,458 shares during the quarter. Marshall Wace LLP owned about 0.07% of ChampionX worth $3,739,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Barclays PLC raised its stake in ChampionX by 147.2% in the third quarter. Barclays PLC now owns 357,081 shares of the company's stock worth $10,766,000 after buying an additional 212,654 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of ChampionX during the 3rd quarter worth approximately $15,075,000. Harbor Capital Advisors Inc. raised its position in shares of ChampionX by 3.1% in the 4th quarter. Harbor Capital Advisors Inc. now owns 130,889 shares of the company's stock worth $3,559,000 after acquiring an additional 3,931 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of ChampionX by 7.6% in the 4th quarter. Park Avenue Securities LLC now owns 28,846 shares of the company's stock valued at $784,000 after purchasing an additional 2,031 shares during the period. Finally, Nisa Investment Advisors LLC boosted its position in shares of ChampionX by 899.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 211,103 shares of the company's stock valued at $5,740,000 after purchasing an additional 189,977 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Stock Up 2.6 %

CHX stock traded up $0.64 during midday trading on Thursday, hitting $24.77. The stock had a trading volume of 1,188,782 shares, compared to its average volume of 2,589,550. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a market cap of $4.73 billion, a price-to-earnings ratio of 15.03 and a beta of 1.81. The business has a 50-day moving average of $27.28 and a two-hundred day moving average of $28.57. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.09. The company had revenue of $864.46 million during the quarter, compared to analysts' expectations of $900.59 million. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. ChampionX's revenue was down 6.3% on a year-over-year basis. During the same period last year, the company posted $0.50 EPS. As a group, equities research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 4th were issued a $0.095 dividend. This represents a $0.38 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Friday, April 4th. ChampionX's dividend payout ratio (DPR) is 25.17%.

ChampionX 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.