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

Vanguard Group Inc. lifted its position in shares of ChampionX Co. (NASDAQ:CHX) by 1.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 19,964,329 shares of the company’s stock after buying an additional 227,627 shares during the quarter. Vanguard Group Inc. owned approximately 10.46% of ChampionX worth $542,830,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Jones Financial Companies Lllp raised its position in ChampionX by 153.2% during the fourth quarter. Jones Financial Companies Lllp now owns 924 shares of the company’s stock worth $25,000 after acquiring an additional 559 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of ChampionX by 1,051.8% during the 4th 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 in the last quarter. R Squared Ltd acquired a new position in shares of ChampionX during the 4th quarter worth approximately $103,000. Vestcor Inc raised its position in shares of ChampionX by 71.6% during the 4th 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 last quarter. Finally, KBC Group NV lifted its stake in ChampionX by 42.3% in the 4th quarter. KBC Group NV now owns 8,289 shares of the company’s stock valued at $225,000 after buying an additional 2,462 shares in the last quarter. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

ChampionX Stock Performance

ChampionX stock opened at $29.80 on Tuesday. ChampionX Co. has a fifty-two week low of $25.57 and a fifty-two week high of $39.95. The company has a market capitalization of $5.69 billion, a price-to-earnings ratio of 18.06 and a beta of 2.28. The stock has a fifty day moving average of $29.41 and a two-hundred day moving average of $29.50. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.36 and a current ratio of 1.99.

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

ChampionX Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a dividend of $0.095 per share. This represents a $0.38 annualized dividend and a dividend yield of 1.28%. 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.