T. Rowe Price Investment Management Inc. Has $61.83 Million Holdings in ChampionX Co. (NASDAQ:CHX)

T. Rowe Price Investment Management Inc. trimmed its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 35.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,273,831 shares of the company's stock after selling 1,240,817 shares during the period. T. Rowe Price Investment Management Inc. owned 1.19% of ChampionX worth $61,826,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in ChampionX by 153.2% in the fourth 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 period. Venturi Wealth Management LLC boosted 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 buying an additional 1,725 shares during the last quarter. R Squared Ltd bought a new stake in ChampionX during the fourth quarter worth about $103,000. Vestcor Inc boosted its position in ChampionX by 71.6% during the fourth quarter. Vestcor Inc now owns 5,032 shares of the company's stock valued at $137,000 after purchasing an additional 2,100 shares during the last quarter. Finally, Brown Brothers Harriman & Co. raised its stake in shares of ChampionX by 82,557.1% during the 4th quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock worth $157,000 after purchasing an additional 5,779 shares in the last quarter. Institutional investors own 98.99% of the company's stock.

ChampionX Stock Performance

NASDAQ CHX traded up $0.22 on Thursday, hitting $24.35. 2,586,473 shares of the stock were exchanged, compared to its average volume of 2,595,399. The company has a market capitalization of $4.65 billion, a PE ratio of 14.78 and a beta of 1.81. The business's fifty day moving average is $27.28 and its 200 day moving average is $28.57. ChampionX Co. has a 52 week low of $21.92 and a 52 week high of $35.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.99 and a quick ratio of 1.36.

ChampionX (NASDAQ:CHX - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.09. ChampionX had a return on equity of 19.84% and a net margin of 8.81%. The business had revenue of $864.46 million during the quarter, compared to the consensus estimate of $900.59 million. During the same quarter last year, the firm posted $0.50 EPS. The company's quarterly revenue was down 6.3% on a year-over-year basis. Research 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 was paid on Friday, April 25th. Stockholders of record on Friday, April 4th were issued a dividend of $0.095 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Friday, April 4th. ChampionX's dividend payout ratio is presently 25.17%.

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.