Vanguard Group Inc. Boosts Holdings in ChampionX Co. (NASDAQ:CHX)

Vanguard Group Inc. increased its stake in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 19,964,329 shares of the company's stock after acquiring an additional 227,627 shares during the quarter. Vanguard Group Inc. owned about 10.46% of ChampionX worth $542,830,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CHX. Jones Financial Companies Lllp boosted its holdings in shares of ChampionX by 153.2% during the 4th quarter. Jones Financial Companies Lllp now owns 924 shares of the company's stock valued at $25,000 after purchasing an additional 559 shares during the last quarter. Venturi Wealth Management LLC boosted its stake in 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 buying an additional 1,725 shares during the last quarter. R Squared Ltd purchased a new position in ChampionX during the 4th quarter valued at approximately $103,000. Vestcor Inc increased its stake in ChampionX by 71.6% in the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after acquiring an additional 2,100 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of ChampionX by 42.3% during the 4th quarter. KBC Group NV now owns 8,289 shares of the company's stock worth $225,000 after acquiring an additional 2,462 shares in the last quarter. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Price Performance

Shares of NASDAQ CHX traded down $3.29 during midday trading on Friday, reaching $24.35. 12,117,653 shares of the stock traded hands, compared to its average volume of 2,365,133. The company's 50 day moving average is $29.24 and its 200 day moving average is $29.46. ChampionX Co. has a one year low of $23.66 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 stock has a market capitalization of $4.65 billion, a PE ratio of 14.76 and a beta of 1.81.

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ChampionX (NASDAQ:CHX - Get Free Report) last released its quarterly earnings data 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 net margin of 8.81% and a return on equity of 19.84%. On average, equities research analysts anticipate that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Announces Dividend

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 paid a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.56%. ChampionX's payout ratio is currently 23.03%.

ChampionX 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.