Baker Hughes Company (NASDAQ:BKR) Stock Holdings Lifted by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 53.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,024 shares of the company's stock after purchasing an additional 23,746 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Baker Hughes were worth $2,990,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC purchased a new stake in shares of Baker Hughes during the first quarter worth about $28,000. Larson Financial Group LLC increased its position in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Baker Hughes during the fourth quarter worth about $30,000. Golden State Wealth Management LLC increased its position in shares of Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after acquiring an additional 604 shares during the last quarter. Finally, Grove Bank & Trust increased its position in shares of Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after acquiring an additional 320 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BKR shares. TD Securities dropped their target price on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Barclays lowered their price objective on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Royal Bank Of Canada lowered their price objective on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. TD Cowen lowered their price objective on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a report on Thursday, April 24th. Finally, Citigroup lowered their price objective on Baker Hughes from $54.00 to $53.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Two equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.50.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded up $0.38 during midday trading on Thursday, hitting $39.71. 6,619,119 shares of the company's stock were exchanged, compared to its average volume of 7,197,339. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.34 and a quick ratio of 0.93. The stock's 50 day moving average price is $37.92 and its 200-day moving average price is $40.99. The firm has a market cap of $39.34 billion, a P/E ratio of 13.55, a PEG ratio of 4.25 and a beta of 0.91. Baker Hughes Company has a twelve month low of $32.25 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.70% and a net margin of 10.51%. The firm had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. Equities research analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were issued a dividend of $0.23 per share. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.32%. Baker Hughes's payout ratio is 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.