ChampionX Co. (NASDAQ:CHX) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 756,762 shares of the company's stock after selling 71,863 shares during the quarter. Envestnet Asset Management Inc. owned about 0.40% of ChampionX worth $20,576,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in CHX. ExodusPoint Capital Management LP increased its position in ChampionX by 23.5% in the 4th quarter. ExodusPoint Capital Management LP now owns 85,100 shares of the company's stock valued at $2,314,000 after acquiring an additional 16,220 shares during the period. Slotnik Capital LLC lifted its holdings in ChampionX by 4.5% in the fourth quarter. Slotnik Capital LLC now owns 606,915 shares of the company's stock worth $16,502,000 after purchasing an additional 26,219 shares during the period. Trexquant Investment LP acquired a new stake in ChampionX in the fourth quarter worth about $2,689,000. Headlands Technologies LLC grew its position in ChampionX by 83.0% in the 4th quarter. Headlands Technologies LLC now owns 128,814 shares of the company's stock valued at $3,502,000 after buying an additional 58,415 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in ChampionX by 80.9% during the 4th quarter. Wellington Management Group LLP now owns 769,436 shares of the company's stock valued at $20,921,000 after buying an additional 344,149 shares during the period. Institutional investors own 98.99% of the company's stock.

ChampionX Price Performance

Shares of NASDAQ:CHX traded up $0.72 during trading on Friday, reaching $25.41. The company had a trading volume of 3,021,430 shares, compared to its average volume of 2,526,659. The firm's fifty day moving average is $28.07 and its 200 day moving average is $28.95. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The firm has a market capitalization of $4.85 billion, a PE ratio of 15.40 and a beta of 1.81. ChampionX Co. has a twelve month low of $21.92 and a twelve month high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last released its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share 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%. On average, equities analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The firm also recently declared 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 annualized dividend and a yield of 1.50%. The ex-dividend date 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.