496,760 Shares in Baker Hughes (NASDAQ:BKR) Purchased by Ananym Capital Management LP

Ananym Capital Management LP bought a new stake in Baker Hughes (NASDAQ:BKR - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 496,760 shares of the company's stock, valued at approximately $20,377,000. Baker Hughes accounts for 12.3% of Ananym Capital Management LP's holdings, making the stock its 4th largest holding. Ananym Capital Management LP owned 0.05% of Baker Hughes at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of BKR. Capital Research Global Investors lifted its position in shares of Baker Hughes by 0.6% in the fourth quarter. Capital Research Global Investors now owns 27,687,590 shares of the company's stock valued at $1,135,744,000 after acquiring an additional 177,232 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Baker Hughes by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company's stock worth $1,004,212,000 after acquiring an additional 465,832 shares during the period. Norges Bank acquired a new stake in shares of Baker Hughes during the 4th quarter valued at approximately $829,092,000. FMR LLC raised its stake in Baker Hughes by 12.5% in the 4th quarter. FMR LLC now owns 15,702,057 shares of the company's stock valued at $644,098,000 after purchasing an additional 1,744,225 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Baker Hughes by 8.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,552,478 shares of the company's stock worth $473,880,000 after purchasing an additional 874,297 shares during the period. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Up 1.2 %

Shares of Baker Hughes stock traded up $0.44 during trading hours on Thursday, reaching $36.75. 6,490,949 shares of the company were exchanged, compared to its average volume of 6,975,112. The stock's fifty day moving average is $40.00 and its 200 day moving average is $41.99. The firm has a market cap of $36.41 billion, a PE ratio of 12.33, a PEG ratio of 2.00 and a beta of 0.96. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

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

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's payout ratio is 31.40%.

Wall Street Analyst Weigh In

Several research firms have recently commented on BKR. JPMorgan Chase & Co. lifted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Susquehanna cut their price target on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Piper Sandler cut their price target on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Citigroup lowered their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. Finally, TD Securities decreased their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.11.

About Baker Hughes

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.