Corebridge Financial Inc. Has $8.40 Million Stock Position in ChampionX Co. (NASDAQ:CHX)

Corebridge Financial Inc. trimmed its holdings in ChampionX Co. (NASDAQ:CHX) by 5.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 309,086 shares of the company’s stock after selling 16,783 shares during the period. Corebridge Financial Inc. owned about 0.16% of ChampionX worth $8,404,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Calamos Advisors LLC boosted its holdings in ChampionX by 470.4% during the 4th quarter. Calamos Advisors LLC now owns 1,494,500 shares of the company’s stock worth $40,635,000 after acquiring an additional 1,232,500 shares during the last quarter. Westchester Capital Management LLC grew its stake in ChampionX by 67.8% in 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 in the last quarter. Birnam Oak Advisors LP bought a new stake in shares of ChampionX during the 4th quarter valued at $17,037,000. Oddo BHF Asset Management Sas bought a new stake in shares of ChampionX during the third quarter valued at about $15,075,000. Finally, Alpine Associates Management Inc. lifted its stake in ChampionX by 63.5% in the 4th quarter. Alpine Associates Management Inc. now owns 1,182,716 shares of the company’s stock worth $32,158,000 after purchasing an additional 459,200 shares in the last quarter. Institutional investors own 98.99% of the company’s stock.

ChampionX Price Performance

NASDAQ:CHX opened at $30.15 on Friday. The firm has a market capitalization of $5.75 billion, a price-to-earnings ratio of 18.27 and a beta of 2.28. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99. The stock has a fifty day moving average of $29.47 and a 200 day moving average of $29.46. ChampionX Co. has a 52-week low of $25.57 and a 52-week high of $39.95.

ChampionX (NASDAQ:CHX) last released its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share 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%. On average, research analysts expect that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The business 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 $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a dividend yield of 1.26%. ChampionX’s dividend payout ratio 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.