D. E. Shaw & Co. Inc. Purchases 35,444 Shares of ChampionX Co. (NASDAQ:CHX)

D. E. Shaw & Co. Inc. lifted its holdings in ChampionX Co. (NASDAQ:CHX - Free Report) by 34.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 137,020 shares of the company's stock after buying an additional 35,444 shares during the period. D. E. Shaw & Co. Inc. owned about 0.07% of ChampionX worth $3,726,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CHX. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in ChampionX by 123.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 246,152 shares of the company's stock worth $6,693,000 after buying an additional 136,132 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of ChampionX by 0.3% in the fourth 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 last quarter. Schroder Investment Management Group purchased a new stake in shares of ChampionX during the fourth quarter worth $472,000. Yakira Capital Management Inc. boosted its position in ChampionX by 29.9% during the fourth quarter. Yakira Capital Management Inc. now owns 218,290 shares of the company's stock valued at $5,935,000 after purchasing an additional 50,300 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in ChampionX in the fourth quarter valued at about $12,080,000. Institutional investors and hedge funds own 98.99% of the company's stock.

ChampionX Stock Down 0.5%

CHX stock traded down $0.13 during trading hours on Thursday, hitting $24.50. The company's stock had a trading volume of 3,240,955 shares, compared to its average volume of 2,691,083. The stock has a 50 day moving average price of $26.17 and a two-hundred day moving average price of $28.13. ChampionX Co. has a 12 month low of $21.92 and a 12 month high of $35.94. The company has a market capitalization of $4.69 billion, a PE ratio of 14.85 and a beta of 1.52. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32.

ChampionX (NASDAQ:CHX - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The firm had revenue of $864.46 million during the quarter, compared to analysts' expectations of $900.59 million. During the same period in the prior year, the company posted $0.50 earnings per share. ChampionX's revenue for the quarter was down 6.3% on a year-over-year basis. On average, equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current year.

ChampionX Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 25th. Investors of record on Thursday, July 3rd will be paid a $0.095 dividend. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Thursday, July 3rd. ChampionX's payout ratio is 25.17%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price target on ChampionX from $39.00 to $40.00 and gave the stock a "buy" rating in a research note on Monday, May 5th.

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.