ChampionX Co. (NASDAQ:CHX) Shares Sold by Teachers Retirement System of The State of Kentucky

Teachers Retirement System of The State of Kentucky cut its stake in ChampionX Co. (NASDAQ:CHX) by 4.6% during the 4th quarter, HoldingsChannel reports. The fund owned 60,826 shares of the company’s stock after selling 2,940 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in ChampionX were worth $1,653,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in CHX. Jones Financial Companies Lllp increased its holdings in shares of ChampionX by 153.2% in the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock valued at $25,000 after acquiring an additional 559 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in ChampionX by 1,051.8% in the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock worth $51,000 after purchasing an additional 1,725 shares during the period. R Squared Ltd bought a new stake in ChampionX during the fourth quarter valued at $103,000. Vestcor Inc raised its holdings in shares of ChampionX by 71.6% during the fourth quarter. Vestcor Inc now owns 5,032 shares of the company’s stock worth $137,000 after purchasing an additional 2,100 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its position in shares of ChampionX by 82,557.1% in 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. 98.99% of the stock is currently owned by institutional investors.

ChampionX Price Performance

Shares of NASDAQ:CHX opened at $25.00 on Friday. The company has a market cap of $4.77 billion, a PE ratio of 15.15 and a beta of 1.81. ChampionX Co. has a fifty-two week low of $21.92 and a fifty-two week high of $35.94. The firm has a 50-day simple moving average of $27.60 and a 200 day simple moving average of $28.71. 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 (NASDAQ:CHX) last posted its earnings results 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 return on equity of 19.84% and a net margin of 8.81%. On average, sell-side analysts anticipate that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 25th. Shareholders of record on Friday, April 4th were paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend was Friday, April 4th. ChampionX’s 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.