California Public Employees Retirement System Sells 34,405 Shares of ChampionX Co. (NASDAQ:CHX)

California Public Employees Retirement System decreased its holdings in shares of ChampionX Co. (NASDAQ:CHX) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 291,795 shares of the company’s stock after selling 34,405 shares during the quarter. California Public Employees Retirement System owned about 0.15% of ChampionX worth $7,934,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in shares of ChampionX by 123.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company’s stock valued at $6,693,000 after acquiring an additional 136,132 shares during the period. Van ECK Associates Corp grew its position in ChampionX by 0.3% in the 4th quarter. Van ECK Associates Corp now owns 2,639,352 shares of the company’s stock worth $71,764,000 after purchasing an additional 9,056 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of ChampionX during the 4th quarter worth about $12,080,000. Silphium Asset Management Ltd raised its position in shares of ChampionX by 88.1% during the fourth 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. Finally, State Street Corp lifted its stake in shares of ChampionX by 1.7% in the third 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 period. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Down 4.3 %

Shares of CHX opened at $23.31 on Tuesday. The stock’s 50-day moving average price is $29.10 and its 200 day moving average price is $29.41. 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 Co. has a 12-month low of $22.32 and a 12-month high of $39.95. The firm has a market capitalization of $4.45 billion, a price-to-earnings ratio of 14.13 and a beta of 1.81.

ChampionX (NASDAQ:CHX) last issued its earnings results on Tuesday, February 4th. The company reported $0.50 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%. As a group, research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 25th. Stockholders of record on Friday, April 4th will be given a dividend of $0.095 per share. The ex-dividend date is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.63%. ChampionX’s dividend payout ratio (DPR) is currently 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.