ChampionX Co. (NASDAQ:CHX) Shares Sold by Stifel Financial Corp

Stifel Financial Corp lessened its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 134,885 shares of the company's stock after selling 18,871 shares during the quarter. Stifel Financial Corp owned 0.07% of ChampionX worth $3,668,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in ChampionX by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock worth $542,830,000 after purchasing an additional 227,627 shares during the last quarter. Norges Bank acquired a new position in shares of ChampionX in the 4th quarter valued at about $74,032,000. Charles Schwab Investment Management Inc. grew its holdings in shares of ChampionX by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,679,414 shares of the company's stock valued at $72,853,000 after purchasing an additional 56,283 shares during the last quarter. Van ECK Associates Corp raised its position in shares of ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company's stock worth $71,764,000 after purchasing an additional 9,056 shares during the period. Finally, Magnetar Financial LLC lifted its holdings in shares of ChampionX by 2.2% in the 4th quarter. Magnetar Financial LLC now owns 2,344,608 shares of the company's stock worth $63,750,000 after purchasing an additional 50,545 shares during the last quarter. Hedge funds and other institutional investors own 98.99% of the company's stock.

ChampionX Stock Performance

CHX traded up $0.69 during trading on Friday, reaching $25.23. 3,847,942 shares of the company were exchanged, compared to its average volume of 2,616,434. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.81 billion, a P/E ratio of 15.29 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 firm has a 50 day moving average of $27.10 and a 200 day moving average of $28.45.

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

ChampionX Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend was Friday, April 4th. 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.