GABELLI & Co INVESTMENT ADVISERS INC. Acquires 88,615 Shares of ChampionX Co. (NASDAQ:CHX)

GABELLI & Co INVESTMENT ADVISERS INC. boosted its position in ChampionX Co. (NASDAQ:CHX - Free Report) by 49.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,350 shares of the company's stock after buying an additional 88,615 shares during the quarter. ChampionX makes up about 1.3% of GABELLI & Co INVESTMENT ADVISERS INC.'s portfolio, making the stock its 22nd biggest position. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.14% of ChampionX worth $7,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Jones Financial Companies Lllp boosted its stake in shares of ChampionX by 153.2% during the 4th 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 period. Venturi Wealth Management LLC lifted its holdings in 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 during the last quarter. R Squared Ltd bought a new stake in ChampionX in the 4th quarter valued at $103,000. Vestcor Inc increased its position in ChampionX by 71.6% during the 4th quarter. Vestcor Inc now owns 5,032 shares of the company's stock worth $137,000 after buying an additional 2,100 shares during the period. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of ChampionX by 82,557.1% during the fourth quarter. Brown Brothers Harriman & Co. now owns 5,786 shares of the company's stock worth $157,000 after buying an additional 5,779 shares in the last quarter. 98.99% of the stock is currently owned by institutional investors and hedge funds.

ChampionX Stock Performance

Shares of CHX stock traded up $0.72 on Friday, hitting $25.41. The company's stock had a trading volume of 3,021,430 shares, compared to its average volume of 2,528,685. ChampionX Co. has a fifty-two week low of $21.92 and a fifty-two week high of $36.16. The company has a market capitalization of $4.85 billion, a PE ratio of 15.40 and a beta of 1.81. The stock's 50 day moving average is $28.15 and its 200-day moving average is $29.01. 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 - Get Free Report) last announced its earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping 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%. Equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 25th. Investors of record on Friday, April 4th will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date is Friday, April 4th. ChampionX's dividend payout ratio (DPR) is presently 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.