Geode Capital Management LLC Sells 15,464 Shares of ChampionX Co. (NASDAQ:CHX)

Geode Capital Management LLC lowered its stake in ChampionX Co. (NASDAQ:CHX) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,601,923 shares of the company’s stock after selling 15,464 shares during the period. Geode Capital Management LLC’s holdings in ChampionX were worth $125,153,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP raised its position in ChampionX by 80.9% during the fourth quarter. Wellington Management Group LLP now owns 769,436 shares of the company’s stock valued at $20,921,000 after purchasing an additional 344,149 shares in the last quarter. Schroder Investment Management Group acquired a new position in shares of ChampionX during the 4th quarter worth $472,000. Arrowstreet Capital Limited Partnership acquired a new position in shares of ChampionX during the 4th quarter worth $2,988,000. Brown Brothers Harriman & Co. lifted its position in shares of ChampionX by 82,557.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company’s stock worth $157,000 after buying an additional 5,779 shares during the last quarter. Finally, New Age Alpha Advisors LLC acquired a new stake in ChampionX in the fourth quarter valued at about $205,000. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Stock Down 3.4 %

Shares of NASDAQ CHX opened at $22.52 on Wednesday. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 13.65 and a beta of 1.81. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12 month low of $22.21 and a 12 month high of $39.00. The stock has a 50-day moving average price of $28.83 and a two-hundred day moving average price of $29.30.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, beating the consensus estimate 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, analysts forecast that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

The company also recently disclosed 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. This represents a $0.38 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio (DPR) is 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.