Bokf Na Buys 84,829 Shares of Baker Hughes (NASDAQ:BKR)

Bokf Na lifted its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 109.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 162,176 shares of the company's stock after buying an additional 84,829 shares during the period. Bokf Na's holdings in Baker Hughes were worth $7,016,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC increased its position in shares of Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the period. SBI Securities Co. Ltd. bought a new stake in Baker Hughes in the 4th quarter valued at $30,000. Larson Financial Group LLC raised its stake in shares of 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 in the last quarter. Kestra Investment Management LLC bought a new position in shares of Baker Hughes during the 4th quarter worth about $45,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Baker Hughes during the 4th quarter valued at about $47,000. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Trading Down 1.0 %

Shares of BKR opened at $36.39 on Wednesday. The stock's fifty day simple moving average is $40.16 and its 200-day simple moving average is $42.03. The firm has a market capitalization of $36.06 billion, a PE ratio of 12.21, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. 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 released its 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. 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, research analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently announced 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 yield of 2.53%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes's dividend payout ratio is presently 31.40%.

Analysts Set New Price Targets

A number of brokerages have commented on BKR. JPMorgan Chase & Co. raised their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Citigroup decreased their price target 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. Evercore ISI dropped their price objective on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Susquehanna reduced their target price on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen dropped their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $49.11.

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.

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