ChampionX Co. (NASDAQ:CHX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,393,821 shares of the company's stock after selling 37,048 shares during the period. Dimensional Fund Advisors LP owned 1.78% of ChampionX worth $92,272,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Norges Bank purchased a new stake in shares of ChampionX during the fourth quarter valued at $74,032,000. Calamos Advisors LLC grew its stake in 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 purchasing an additional 1,232,500 shares during the last quarter. Birnam Oak Advisors LP acquired a new position in shares of ChampionX in the fourth quarter valued at about $17,037,000. Oddo BHF Asset Management Sas purchased a new position in shares of ChampionX in the third quarter worth about $15,075,000. Finally, Alpine Associates Management Inc. lifted its holdings in shares of 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 purchasing an additional 459,200 shares during the period. 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's stock were exchanged, compared to its average volume of 2,611,255. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. ChampionX Co. has a 1 year low of $21.92 and a 1 year high of $35.94. The company's fifty day simple moving average is $27.18 and its 200-day simple moving average is $28.52. The stock has a market capitalization of $4.81 billion, a P/E ratio of 15.29 and a beta of 1.81.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its 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 the consensus estimate of $900.59 million. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The firm's quarterly revenue was down 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.50 earnings per share. As a group, research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Investors of record on Friday, April 4th were issued a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a yield of 1.51%. The ex-dividend date of this dividend was Friday, April 4th. ChampionX's dividend payout ratio (DPR) is 25.17%.

ChampionX Company 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.