Ananym Capital Management LP acquired a new stake in Baker Hughes (NASDAQ:BKR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 496,760 shares of the company's stock, valued at approximately $20,377,000. Baker Hughes accounts for approximately 12.3% of Ananym Capital Management LP's holdings, making the stock its 4th largest position. Ananym Capital Management LP owned about 0.05% of Baker Hughes as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also added to or reduced their stakes in the company. Aptus Capital Advisors LLC purchased a new position in Baker Hughes during the 4th quarter valued at about $364,000. AXA S.A. boosted its stake in shares of Baker Hughes by 96.3% during the fourth quarter. AXA S.A. now owns 220,710 shares of the company's stock valued at $9,054,000 after purchasing an additional 108,261 shares in the last quarter. Meiji Yasuda Life Insurance Co increased its holdings in Baker Hughes by 4.0% during the fourth quarter. Meiji Yasuda Life Insurance Co now owns 18,129 shares of the company's stock valued at $744,000 after buying an additional 690 shares during the period. Wahed Invest LLC raised its stake in Baker Hughes by 2.6% in the fourth quarter. Wahed Invest LLC now owns 24,857 shares of the company's stock worth $1,020,000 after buying an additional 621 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV lifted its holdings in Baker Hughes by 11.9% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 27,515 shares of the company's stock worth $1,129,000 after buying an additional 2,919 shares during the period. 92.06% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several research analysts have recently commented on BKR shares. Evercore ISI reduced their price target on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Royal Bank of Canada lowered their price target on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. The Goldman Sachs Group increased their target price on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company raised their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research note on Monday, February 3rd. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $49.11.
View Our Latest Stock Analysis on Baker Hughes
Baker Hughes Stock Performance
NASDAQ:BKR traded down $0.35 during mid-day trading on Monday, hitting $36.75. The company's stock had a trading volume of 6,805,685 shares, compared to its average volume of 6,949,413. The business's fifty day moving average is $40.31 and its two-hundred day moving average is $42.07. The stock has a market cap of $36.41 billion, a price-to-earnings 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 current ratio of 1.32 and a quick ratio of 0.94.
Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Analysts anticipate that Baker Hughes will post 2.59 EPS for the current fiscal year.
Baker Hughes Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.50%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio (DPR) is 31.40%.
About Baker Hughes
(
Free Report)
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.
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