Securian Asset Management Inc. Cuts Holdings in ChampionX Co. (NASDAQ:CHX)

Securian Asset Management Inc. decreased its position in shares of ChampionX Co. (NASDAQ:CHX) by 2.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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.

A number of other institutional investors have also recently made changes to their positions in CHX. Jones Financial Companies Lllp grew its position in shares of ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock valued at $25,000 after purchasing an additional 559 shares in the last quarter. Venturi Wealth Management LLC grew its position in shares of ChampionX by 1,051.8% during the fourth quarter. Venturi Wealth Management LLC now owns 1,889 shares of the company’s stock valued at $51,000 after purchasing an additional 1,725 shares in the last quarter. R Squared Ltd purchased a new position in shares of ChampionX during the fourth quarter valued at about $103,000. KBC Group NV lifted its holdings in shares of ChampionX by 18.3% in the 3rd quarter. KBC Group NV now owns 5,827 shares of the company’s stock valued at $176,000 after acquiring an additional 903 shares during the last quarter. Finally, Ieq Capital LLC bought a new position in shares of ChampionX in the 4th quarter valued at about $228,000. Hedge funds and other institutional investors own 98.99% of the company’s stock.

ChampionX Stock Down 0.5 %

Shares of NASDAQ:CHX opened at $29.49 on Wednesday. The company has a current ratio of 1.99, a quick ratio of 1.36 and a debt-to-equity ratio of 0.32. ChampionX Co. has a 12 month low of $25.57 and a 12 month high of $39.95. The company has a 50-day moving average price of $29.22 and a 200 day moving average price of $29.45. The company has a market cap of $5.63 billion, a price-to-earnings ratio of 17.87 and a beta of 2.28.

ChampionX (NASDAQ:CHX) last announced its quarterly 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 net margin of 8.81% and a return on equity of 19.84%. As a group, equities research analysts predict that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

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