Baker Hughes (NASDAQ:BKR) Shares Sold by Brevan Howard Capital Management LP

Brevan Howard Capital Management LP reduced its position in Baker Hughes (NASDAQ:BKR - Free Report) by 60.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,091 shares of the company's stock after selling 32,356 shares during the period. Brevan Howard Capital Management LP's holdings in Baker Hughes were worth $865,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. JFS Wealth Advisors LLC lifted 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 purchasing an additional 386 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in shares of Baker Hughes in the 4th quarter valued at about $30,000. Larson Financial Group LLC raised its holdings 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 buying an additional 216 shares during the period. Kestra Investment Management LLC purchased a new stake in shares of Baker Hughes during the 4th quarter valued at about $45,000. Finally, OFI Invest Asset Management purchased 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.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. TD Cowen dropped their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus set a $50.00 price objective on Baker Hughes and gave the stock a "buy" rating in a report on Thursday, April 24th. The Goldman Sachs Group lifted their price objective on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. Susquehanna dropped their price objective on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a report on Thursday, April 24th. Finally, Barclays dropped their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Baker Hughes has a consensus rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes Stock Performance

BKR traded down $0.23 during trading on Wednesday, reaching $37.95. 2,263,395 shares of the company were exchanged, compared to its average volume of 8,240,572. The stock has a market cap of $37.60 billion, a P/E ratio of 12.73, a PEG ratio of 2.00 and a beta of 0.96. The firm has a 50 day moving average of $39.56 and a 200 day moving average of $42.04. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.48 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

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 of this dividend is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.42%. Baker Hughes's payout ratio is currently 31.40%.

Baker Hughes Company 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.