Congress Wealth Management LLC DE Cuts Position in ChampionX Co. (NASDAQ:CHX)

Congress Wealth Management LLC DE cut its position in shares of ChampionX Co. (NASDAQ:CHX) by 22.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,695 shares of the company’s stock after selling 3,866 shares during the quarter. Congress Wealth Management LLC DE’s holdings in ChampionX were worth $372,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Calamos Advisors LLC grew its position in shares of ChampionX by 470.4% in the fourth 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 period. Westchester Capital Management LLC grew its stake in shares of ChampionX by 67.8% during the 3rd quarter. Westchester Capital Management LLC now owns 2,828,139 shares of the company’s stock valued at $85,268,000 after buying an additional 1,142,628 shares during the period. Birnam Oak Advisors LP acquired a new stake in shares of ChampionX during the 4th quarter worth $17,037,000. Oddo BHF Asset Management Sas purchased a new position in shares of ChampionX in the 3rd quarter worth $15,075,000. Finally, Alpine Associates Management Inc. boosted its holdings in ChampionX by 63.5% in the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock valued at $32,158,000 after acquiring an additional 459,200 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Performance

Shares of NASDAQ:CHX opened at $29.87 on Friday. The business has a 50-day moving average of $29.44 and a two-hundred day moving average of $29.48. The firm has a market capitalization of $5.70 billion, a PE ratio of 18.10 and a beta of 2.28. 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 12 month low of $25.57 and a 12 month high of $39.95.

ChampionX (NASDAQ:CHX) last posted its earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. As a group, research analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.27%. ChampionX’s payout ratio is 23.03%.

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.