Avantax Advisory Services Inc. Reduces Holdings in ChampionX Co. (NASDAQ:CHX)

Avantax Advisory Services Inc. lessened its position in shares of ChampionX Co. (NASDAQ:CHX) by 11.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,307 shares of the company’s stock after selling 4,102 shares during the period. Avantax Advisory Services Inc.’s holdings in ChampionX were worth $878,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in shares of ChampionX by 0.3% during the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock valued at $71,764,000 after buying an additional 9,056 shares during the last quarter. Silphium Asset Management Ltd lifted its position in shares of ChampionX by 88.1% during the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock valued at $9,955,000 after buying an additional 171,531 shares during the last quarter. State Street Corp lifted its position in shares of ChampionX by 1.7% during the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company’s stock valued at $223,776,000 after buying an additional 122,622 shares during the last quarter. Barclays PLC raised its stake in shares of ChampionX by 147.2% during the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock valued at $10,766,000 after purchasing an additional 212,654 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of ChampionX by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 4,617,387 shares of the company’s stock valued at $139,239,000 after purchasing an additional 63,119 shares during the period. Hedge funds and other institutional investors own 98.99% of the company’s stock.

ChampionX Stock Performance

NASDAQ:CHX opened at $29.60 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95. The firm has a market cap of $5.65 billion, a price-to-earnings ratio of 17.94 and a beta of 2.28. The business’s fifty day moving average is $29.30 and its 200 day moving average is $29.45.

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

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.28%. 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.