187,537 Shares in Baker Hughes (NASDAQ:BKR) Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. bought a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 187,537 shares of the company's stock, valued at approximately $7,693,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. boosted its position in Baker Hughes by 2,582.2% during the fourth quarter. Sunbelt Securities Inc. now owns 3,165 shares of the company's stock worth $130,000 after purchasing an additional 3,047 shares during the period. Vise Technologies Inc. bought a new position in Baker Hughes during the fourth quarter worth about $347,000. Ananym Capital Management LP bought a new position in Baker Hughes during the fourth quarter worth about $20,377,000. Castleark Management LLC bought a new position in Baker Hughes during the fourth quarter worth about $1,556,000. Finally, USS Investment Management Ltd bought a new position in shares of Baker Hughes in the fourth quarter valued at approximately $1,449,000. Institutional investors own 92.06% of the company's stock.

Baker Hughes Trading Up 1.3%

Shares of BKR traded up $0.49 during mid-day trading on Tuesday, reaching $37.23. The company's stock had a trading volume of 6,790,165 shares, compared to its average volume of 7,082,206. The stock has a market cap of $36.89 billion, a PE ratio of 12.49, a P/E/G ratio of 2.00 and a beta of 0.96. 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. The company's fifty day moving average price is $38.56 and its two-hundred day moving average price is $41.93.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share 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 analyst estimates of $6.54 billion. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were issued a $0.23 dividend. The ex-dividend date was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.47%. Baker Hughes's payout ratio is 31.40%.

Analyst Ratings Changes

BKR has been the subject of a number of analyst reports. Evercore ISI cut their price objective on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Wells Fargo & Company raised their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. 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. Royal Bank of Canada cut their price objective on shares of Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Finally, Susquehanna cut their price objective on shares of Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.