Gamco Investors INC. ET AL Has $1.45 Million Stake in ChampionX Co. (NASDAQ:CHX)

Gamco Investors INC. ET AL lifted its holdings in ChampionX Co. (NASDAQ:CHX) by 22.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 53,346 shares of the company’s stock after purchasing an additional 9,834 shares during the period. Gamco Investors INC. ET AL’s holdings in ChampionX were worth $1,450,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Jones Financial Companies Lllp lifted its stake in shares of 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 buying an additional 559 shares during the period. Venturi Wealth Management LLC grew its holdings 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 bought a new stake in shares of ChampionX during the fourth quarter valued at approximately $103,000. Vestcor Inc raised its stake in shares of ChampionX by 71.6% in 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 in the last quarter. Finally, Brown Brothers Harriman & Co. boosted its stake in 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. Institutional investors and hedge funds own 98.99% of the company’s stock.

ChampionX Trading Up 2.9 %

Shares of ChampionX stock opened at $25.41 on Friday. The company’s fifty day moving average price is $28.07 and its two-hundred day moving average price is $28.97. The firm has a market capitalization of $4.85 billion, a PE ratio of 15.40 and a beta of 1.81. ChampionX Co. has a 52-week low of $21.92 and a 52-week high of $36.16. 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) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates 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 expect that ChampionX Co. will post 1.92 EPS for the current year.

ChampionX Dividend Announcement

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 issued a dividend of $0.095 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.50%. ChampionX’s payout ratio 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.