Baker Hughes (NASDAQ:BKR) Holdings Trimmed by Ossiam

Ossiam trimmed its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 74.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,365 shares of the company's stock after selling 9,968 shares during the period. Ossiam's holdings in Baker Hughes were worth $138,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. JFS Wealth Advisors LLC raised its stake in shares of Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Baker Hughes during the fourth quarter worth $30,000. Larson Financial Group LLC lifted its holdings in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after buying an additional 216 shares in the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Baker Hughes during the fourth quarter worth about $45,000. Finally, OFI Invest Asset Management acquired a new position in shares of Baker Hughes in the 4th quarter valued at approximately $47,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on BKR shares. Piper Sandler reduced their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research note on Thursday, April 24th. TD Securities reduced their price target on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays lowered their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. TD Cowen cut their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Finally, Royal Bank of Canada lowered their price target on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Stock Performance

BKR stock traded down $0.32 during trading on Tuesday, reaching $35.89. 1,561,893 shares of the company's stock were exchanged, compared to its average volume of 6,879,452. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40. The firm has a market cap of $35.54 billion, a PE ratio of 12.04, a P/E/G ratio of 2.00 and a beta of 1.08. The company's fifty day moving average price is $41.17 and its 200-day moving average price is $42.09. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data 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. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, research analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors 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 dividend on an annualized basis and a dividend yield of 2.56%. Baker Hughes's dividend payout ratio is presently 31.40%.

Baker Hughes 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.