Franklin Resources Inc. lowered its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 61.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 160,047 shares of the company's stock after selling 256,303 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of ChampionX worth $4,352,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of CHX. Norges Bank purchased a new position in ChampionX during the fourth quarter worth about $74,032,000. Calamos Advisors LLC increased its position in ChampionX by 470.4% during the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company's stock worth $40,635,000 after purchasing an additional 1,232,500 shares during the last quarter. Birnam Oak Advisors LP purchased a new position in ChampionX during the fourth quarter worth approximately $17,037,000. Oddo BHF Asset Management Sas acquired a new position in shares of ChampionX in the 3rd quarter valued at $15,075,000. Finally, Alpine Associates Management Inc. grew its stake in shares of ChampionX by 63.5% during the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company's stock valued at $32,158,000 after buying an additional 459,200 shares during the period. Hedge funds and other institutional investors own 98.99% of the company's stock.
ChampionX Trading Up 1.8 %
Shares of CHX traded up $0.43 during trading hours on Wednesday, hitting $24.83. The stock had a trading volume of 578,103 shares, compared to its average volume of 2,510,407. ChampionX Co. has a 12-month low of $21.92 and a 12-month high of $37.06. The firm has a market cap of $4.74 billion, a P/E ratio of 15.05 and a beta of 1.81. 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 company's fifty day simple moving average is $28.31 and its 200 day simple moving average is $29.07.
ChampionX (NASDAQ:CHX - Get Free Report) last released its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS 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%. Equities research analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.
ChampionX Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be paid a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.53%. ChampionX's dividend payout ratio (DPR) is currently 23.03%.
ChampionX Company Profile
(
Free Report)
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.
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