Baker Hughes Company (NASDAQ:BKR) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd trimmed its holdings in Baker Hughes Company (NASDAQ:BKR - Free Report) by 20.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 365,565 shares of the company's stock after selling 91,262 shares during the period. Marathon Asset Management Ltd's holdings in Baker Hughes were worth $16,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BKR. Dynasty Wealth Management LLC boosted its stake in shares of Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company's stock worth $324,000 after purchasing an additional 207 shares during the last quarter. Larson Financial Group LLC boosted its stake 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 worth $30,000 after purchasing an additional 216 shares during the last quarter. Alpine Woods Capital Investors LLC boosted its stake in shares of Baker Hughes by 0.7% during 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 last quarter. Commerce Bank boosted its stake in shares of Baker Hughes by 1.0% during the 4th quarter. Commerce Bank now owns 31,075 shares of the company's stock worth $1,275,000 after purchasing an additional 300 shares during the last quarter. Finally, Grove Bank & Trust boosted its stake in shares of Baker Hughes by 76.2% during the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after purchasing an additional 320 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Stock Down 0.7%

Shares of NASDAQ:BKR opened at $38.06 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.34 and a debt-to-equity ratio of 0.35. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40. The company has a 50 day moving average of $37.48 and a two-hundred day moving average of $41.10. The company has a market capitalization of $37.71 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 4.07 and a beta of 0.91.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.51% and a return on equity of 14.70%. The company had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. As a group, analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on BKR shares. Stifel Nicolaus set a $50.00 price objective on shares of Baker Hughes and gave the stock a "buy" rating in a report on Thursday, April 24th. Royal Bank Of Canada cut their price objective on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley cut their price objective on shares of Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, May 16th. Barclays cut their price objective on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities cut their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" 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. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.11.

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.

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