EHP Funds Inc. Makes New Investment in Baker Hughes (NASDAQ:BKR)

EHP Funds Inc. bought a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 8,000 shares of the company's stock, valued at approximately $328,000.

A number of other large investors have also recently bought and sold shares of the stock. JFS Wealth Advisors LLC lifted its stake in shares of Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after buying an additional 386 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Baker Hughes during the fourth quarter worth about $30,000. Larson Financial Group LLC grew its stake in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after buying an additional 216 shares during the last quarter. Kestra Investment Management LLC bought a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $45,000. Finally, OFI Invest Asset Management acquired a new position in shares of Baker Hughes during the 4th quarter worth $47,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Stock Up 0.7 %

Shares of BKR traded up $0.24 on Friday, reaching $36.49. The stock had a trading volume of 8,993,628 shares, compared to its average volume of 7,026,880. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a 50-day simple moving average of $39.72 and a 200-day simple moving average of $42.00. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The firm has a market capitalization of $36.15 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Sell-side analysts predict that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.52%. Baker Hughes's dividend payout ratio (DPR) is currently 31.40%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the company a "buy" rating in a research note on Thursday, April 24th. Evercore ISI lowered their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Piper Sandler reduced their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $49.11.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.