Yaupon Capital Management LP Cuts Position in Baker Hughes (NASDAQ:BKR)

Yaupon Capital Management LP cut its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 64.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 465,309 shares of the company's stock after selling 843,024 shares during the period. Yaupon Capital Management LP's holdings in Baker Hughes were worth $19,087,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Dynasty Wealth Management LLC lifted its holdings in shares of Baker Hughes by 2.7% in the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after buying an additional 207 shares during the period. Larson Financial Group LLC raised its holdings in shares of Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after acquiring an additional 216 shares in the last quarter. Alpine Woods Capital Investors LLC lifted its stake in Baker Hughes by 0.7% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company's stock worth $1,660,000 after acquiring an additional 267 shares during the period. Cromwell Holdings LLC grew its holdings in Baker Hughes by 9.3% during the 4th quarter. Cromwell Holdings LLC now owns 3,169 shares of the company's stock worth $130,000 after acquiring an additional 269 shares in the last quarter. Finally, 180 Wealth Advisors LLC increased its position in Baker Hughes by 1.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company's stock valued at $923,000 after purchasing an additional 295 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

Baker Hughes stock traded up $0.07 during trading hours on Friday, hitting $36.45. 7,102,964 shares of the stock traded hands, compared to its average volume of 6,900,110. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The stock has a market capitalization of $36.09 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 2.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The firm's 50 day moving average price is $41.39 and its 200-day moving average price is $42.10.

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 for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. As a group, equities analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.52%. Baker Hughes's dividend payout ratio is presently 31.40%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BKR. Jefferies Financial Group increased their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Benchmark reaffirmed a "buy" rating and set a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the stock a "buy" rating in a research report on Thursday. Barclays dropped their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada reduced their target price on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $49.11.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.27% of the stock is owned by corporate insiders.

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.