Czech National Bank Has $10 Million Holdings in Baker Hughes (NASDAQ:BKR)

Czech National Bank boosted its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 6.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,413 shares of the company's stock after buying an additional 12,864 shares during the period. Czech National Bank's holdings in Baker Hughes were worth $9,995,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Rhumbline Advisers grew its position in shares of Baker Hughes by 5.6% during the 1st quarter. Rhumbline Advisers now owns 1,768,701 shares of the company's stock worth $77,734,000 after buying an additional 93,361 shares during the period. Parallel Advisors LLC grew its holdings in Baker Hughes by 4.1% during the first quarter. Parallel Advisors LLC now owns 11,039 shares of the company's stock valued at $485,000 after purchasing an additional 435 shares during the period. GAMMA Investing LLC increased its stake in Baker Hughes by 5,522.1% in the first quarter. GAMMA Investing LLC now owns 578,294 shares of the company's stock valued at $25,416,000 after purchasing an additional 568,008 shares in the last quarter. Moody National Bank Trust Division acquired a new stake in Baker Hughes in the first quarter worth $222,000. Finally, Versant Capital Management Inc boosted its position in shares of Baker Hughes by 52.1% during the first quarter. Versant Capital Management Inc now owns 2,726 shares of the company's stock worth $120,000 after purchasing an additional 934 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Trading Down 0.4%

Shares of Baker Hughes stock traded down $0.14 on Thursday, hitting $37.15. The stock had a trading volume of 4,716,990 shares, compared to its average volume of 7,089,031. The stock has a 50 day moving average of $37.58 and a 200 day moving average of $41.65. The firm has a market capitalization of $36.81 billion, a P/E ratio of 12.47, a PEG ratio of 2.00 and a beta of 0.96. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

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

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's dividend payout ratio is currently 31.40%.

Wall Street Analyst Weigh In

A number of research firms recently commented on BKR. Stifel Nicolaus set a $50.00 price objective on shares of Baker Hughes and gave the company a "buy" rating in a research report on Thursday, April 24th. Evercore ISI cut their price objective on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Piper Sandler reduced their price target on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Royal Bank of Canada reduced their target price on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, Susquehanna dropped their price target on Baker Hughes from $48.00 to $46.00 and set a "positive" rating on the stock in a research note on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat, Baker Hughes currently has an average rating of "Moderate Buy" and a consensus price target of $49.11.

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.