ChampionX Co. (NASDAQ:CHX) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC trimmed its stake in shares of ChampionX Co. (NASDAQ:CHX) by 37.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,004 shares of the company’s stock after selling 14,509 shares during the period. Level Four Advisory Services LLC’s holdings in ChampionX were worth $653,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CHX. Norges Bank purchased a new stake in ChampionX in the 4th quarter worth approximately $74,032,000. Calamos Advisors LLC boosted its holdings in ChampionX by 470.4% during the fourth quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock worth $40,635,000 after buying an additional 1,232,500 shares in the last quarter. Birnam Oak Advisors LP acquired a new stake in ChampionX during the fourth quarter valued at $17,037,000. Oddo BHF Asset Management Sas purchased a new position in ChampionX in the third quarter valued at $15,075,000. Finally, Alpine Associates Management Inc. raised its position in shares of ChampionX by 63.5% in the fourth quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock worth $32,158,000 after acquiring an additional 459,200 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Price Performance

NASDAQ:CHX opened at $29.87 on Monday. 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 52 week low of $25.57 and a 52 week high of $39.95. The stock’s 50-day moving average price is $29.44 and its 200-day moving average price is $29.49. The stock has a market capitalization of $5.70 billion, a PE ratio of 18.10 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last posted its quarterly earnings data 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, equities analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be given a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Friday, April 4th. ChampionX’s dividend payout ratio is presently 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.