Boothbay Fund Management LLC Sells 298,669 Shares of Baker Hughes (NASDAQ:BKR)

Boothbay Fund Management LLC lessened its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 94.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,954 shares of the company's stock after selling 298,669 shares during the quarter. Boothbay Fund Management LLC's holdings in Baker Hughes were worth $695,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

Several research firms have weighed in on BKR. Benchmark reiterated a "buy" rating and issued a $57.00 price target on shares of Baker Hughes in a research report on Tuesday, February 11th. Citigroup decreased their target price on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group boosted their price target on Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a report on Friday, January 3rd. Royal Bank of Canada decreased their price objective on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, TD Securities cut their price objective 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 assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Price Performance

Shares of BKR traded up $0.91 during mid-day trading on Friday, hitting $37.10. 7,292,433 shares of the stock were exchanged, compared to its average volume of 6,936,980. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a market cap of $36.76 billion, a PE ratio of 12.45, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The firm has a 50-day moving average of $40.44 and a two-hundred day moving average of $42.00.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released 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. 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. On average, equities analysts predict that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be given a $0.23 dividend. The ex-dividend date is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.48%. Baker Hughes's dividend payout ratio is currently 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.