Securian Asset Management Inc. Sells 412 Shares of ChampionX Co. (NASDAQ:CHX)

Securian Asset Management Inc. trimmed its stake in ChampionX Co. (NASDAQ:CHX) by 2.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,401 shares of the company’s stock after selling 412 shares during the period. Securian Asset Management Inc.’s holdings in ChampionX were worth $392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its stake in shares of 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 in the last quarter. Silphium Asset Management Ltd increased its stake in shares of ChampionX by 88.1% in the 4th quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company’s stock worth $9,955,000 after purchasing an additional 171,531 shares in the last quarter. Quest Partners LLC increased its stake in shares of ChampionX by 86.8% in the 3rd quarter. Quest Partners LLC now owns 69,102 shares of the company’s stock worth $2,083,000 after purchasing an additional 32,103 shares in the last quarter. State Street Corp increased its stake in shares of ChampionX by 1.7% in the 3rd quarter. State Street Corp now owns 7,422,097 shares of the company’s stock worth $223,776,000 after purchasing an additional 122,622 shares in the last quarter. Finally, Barclays PLC increased its stake in shares of ChampionX by 147.2% in the 3rd quarter. Barclays PLC now owns 357,081 shares of the company’s stock worth $10,766,000 after purchasing an additional 212,654 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Trading Down 0.5 %

NASDAQ:CHX opened at $29.49 on Wednesday. ChampionX Co. has a one year low of $25.57 and a one year high of $39.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36. The firm has a market capitalization of $5.63 billion, a price-to-earnings ratio of 17.87 and a beta of 2.28. The business has a fifty day moving average price of $29.22 and a 200-day moving average price of $29.45.

ChampionX (NASDAQ:CHX) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share (EPS) for the quarter, topping 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%. Sell-side analysts forecast that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be paid a $0.095 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a yield of 1.29%. ChampionX’s payout ratio is presently 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.