GF Fund Management CO. LTD. Invests $7.69 Million in Baker Hughes (NASDAQ:BKR)

GF Fund Management CO. LTD. purchased a new stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 187,537 shares of the company's stock, valued at approximately $7,693,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JFS Wealth Advisors LLC increased its stake in Baker Hughes by 135.9% during 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. bought a new stake in shares of Baker Hughes in the 4th quarter worth $30,000. Larson Financial Group LLC grew its stake in shares of Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after acquiring an additional 216 shares in the last quarter. Kestra Investment Management LLC bought a new stake in shares of Baker Hughes in the 4th quarter worth $45,000. Finally, OFI Invest Asset Management bought a new stake in shares of Baker Hughes in the 4th quarter worth $47,000. Institutional investors own 92.06% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. TD Securities reduced their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research note on Thursday, April 24th. Morgan Stanley dropped their target price on shares of Baker Hughes from $55.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, May 16th. Wells Fargo & Company increased their target price 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. JPMorgan Chase & Co. lifted their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Finally, Royal Bank of Canada reduced 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. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Stock Down 1.5%

Shares of Baker Hughes stock traded down $0.55 on Wednesday, reaching $36.68. The company's stock had a trading volume of 4,840,162 shares, compared to its average volume of 7,073,284. The company has a market capitalization of $36.34 billion, a price-to-earnings ratio of 12.31, a P/E/G ratio of 2.00 and a beta of 0.96. The firm's fifty day simple moving average is $38.41 and its two-hundred day simple moving average is $41.90. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35.

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 the consensus estimate of $0.48 by $0.03. The company had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Tuesday, May 6th were given 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 2.51%. Baker Hughes's dividend payout ratio (DPR) is presently 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.