Wells Fargo & Company MN Sells 49,639 Shares of ChampionX Co. (NASDAQ:CHX)

Wells Fargo & Company MN decreased its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 247,799 shares of the company's stock after selling 49,639 shares during the period. Wells Fargo & Company MN owned 0.13% of ChampionX worth $6,738,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its stake in shares of ChampionX by 153.2% in the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after buying an additional 559 shares during the period. Venturi Wealth Management LLC grew its stake in ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company's stock valued at $51,000 after acquiring an additional 1,725 shares during the period. R Squared Ltd bought a new stake in shares of ChampionX during the fourth quarter valued at approximately $103,000. Vestcor Inc lifted its holdings in shares of ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Brown Brothers Harriman & Co. grew its position in ChampionX by 82,557.1% in the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock valued at $157,000 after purchasing an additional 5,779 shares during the period. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Stock Up 2.1 %

CHX traded up $0.51 during trading on Thursday, hitting $25.10. 655,213 shares of the company's stock were exchanged, compared to its average volume of 2,529,607. The stock has a market cap of $4.79 billion, a P/E ratio of 15.20 and a beta of 1.81. The business's 50 day moving average is $27.79 and its two-hundred day moving average is $28.82. ChampionX Co. has a fifty-two week low of $21.92 and a fifty-two week high of $35.94. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX - Get Free Report) last issued 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%. As a group, equities analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The company 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 of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.51%. ChampionX's payout ratio is 23.03%.

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.