Wellington Management Group LLP Has $20.92 Million Stake in ChampionX Co. (NASDAQ:CHX)

Wellington Management Group LLP raised its stake in ChampionX Co. (NASDAQ:CHX - Free Report) by 80.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 769,436 shares of the company's stock after purchasing an additional 344,149 shares during the quarter. Wellington Management Group LLP owned about 0.40% of ChampionX worth $20,921,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of ChampionX by 123.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock valued at $6,693,000 after purchasing an additional 136,132 shares during the period. Van ECK Associates Corp increased its holdings 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 acquiring an additional 9,056 shares during the period. Schroder Investment Management Group acquired a new stake in ChampionX in the 4th quarter valued at approximately $472,000. Raymond James Financial Inc. acquired a new stake in ChampionX in the fourth quarter worth about $12,080,000. Finally, Silphium Asset Management Ltd increased its stake in shares of ChampionX by 88.1% during the fourth quarter. Silphium Asset Management Ltd now owns 366,132 shares of the company's stock valued at $9,955,000 after acquiring an additional 171,531 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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ChampionX Price Performance

CHX stock traded up $1.08 on Friday, hitting $24.47. 5,858,165 shares of the company's stock traded hands, compared to its average volume of 2,511,967. The stock has a fifty day moving average of $28.49 and a 200-day moving average of $29.15. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 14.83 and a beta of 1.81. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $39.00. 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 (NASDAQ:CHX - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 earnings per share 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%. On average, analysts forecast that ChampionX Co. will post 1.92 EPS for the current fiscal year.

ChampionX Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Shareholders of record on Friday, April 4th will be issued a $0.095 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 annualized dividend and a yield of 1.55%. ChampionX's dividend payout ratio (DPR) is 23.03%.

About ChampionX

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.