ChampionX Co. (NASDAQ:CHX) Shares Bought by D. E. Shaw & Co. Inc.

D. E. Shaw & Co. Inc. boosted its holdings in shares of ChampionX Co. (NASDAQ:CHX - Free Report) by 34.9% during the 4th quarter, according to the company in its most recent Form 13F filing 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 quarter. D. E. Shaw & Co. Inc. owned approximately 0.07% of ChampionX worth $3,726,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CHX. Vanguard Group Inc. increased its holdings in ChampionX by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 19,964,329 shares of the company's stock valued at $542,830,000 after buying an additional 227,627 shares in the last quarter. Westchester Capital Management LLC increased its stake in shares of ChampionX by 14.7% during the fourth quarter. Westchester Capital Management LLC now owns 3,243,134 shares of the company's stock worth $88,181,000 after purchasing an additional 414,995 shares in the last quarter. Northern Trust Corp increased its stake in shares of ChampionX by 10.9% during the fourth quarter. Northern Trust Corp now owns 2,917,978 shares of the company's stock worth $79,340,000 after purchasing an additional 286,853 shares in the last quarter. AQR Arbitrage LLC grew its stake in ChampionX by 7.4% during the 4th quarter. AQR Arbitrage LLC now owns 2,808,543 shares of the company's stock valued at $75,859,000 after acquiring an additional 194,219 shares in the last quarter. Finally, Norges Bank purchased a new stake in ChampionX during the 4th quarter valued at about $74,032,000. 98.99% of the stock is owned by hedge funds and other institutional investors.

ChampionX Trading Down 0.1%

NASDAQ:CHX traded down $0.02 on Friday, hitting $24.48. The stock had a trading volume of 3,558,468 shares, compared to its average volume of 2,712,307. The company has a quick ratio of 1.36, a current ratio of 1.99 and a debt-to-equity ratio of 0.32. The stock has a market cap of $4.69 billion, a price-to-earnings ratio of 14.84 and a beta of 1.52. The company has a fifty day moving average price of $25.97 and a two-hundred day moving average price of $28.05. ChampionX Co. has a 1-year low of $21.92 and a 1-year high of $35.94.

ChampionX (NASDAQ:CHX - Get Free Report) last posted its earnings results on Tuesday, April 29th. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.09. ChampionX had a net margin of 8.81% and a return on equity of 19.84%. The company had revenue of $864.46 million for the quarter, compared to analyst estimates of $900.59 million. During the same period in the previous year, the business posted $0.50 EPS. ChampionX's revenue was down 6.3% on a year-over-year basis. Equities research analysts expect that ChampionX Co. will post 1.92 earnings per share for the current fiscal year.

ChampionX Dividend Announcement

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

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price objective on shares of ChampionX from $39.00 to $40.00 and gave the company a "buy" rating in a research note on Monday, May 5th.

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.