Mattson Financial Services LLC Raises Holdings in Baker Hughes Company $BKR

Key Points

• Mattson Financial Services LLC increased its stake in Baker Hughes Company by 28.1%, owning approximately 46,975 shares valued at $1.8 million as of the last SEC filing.
• Insiders at Baker Hughes, including the CAO and EVP, sold a total of 26,000 shares worth over $1.3 million, indicating a notable decrease in their ownership positions.
• Baker Hughes has a market cap of $44.01 billion and a recent stock price opening at $44.64, with a positive earnings report indicating $0.16 EPS for the last quarter.

Mattson Financial Services LLC boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 28.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,975 shares of the company's stock after purchasing an additional 10,298 shares during the quarter. Mattson Financial Services LLC's holdings in Baker Hughes were worth $1,801,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of BKR. Wayfinding Financial LLC purchased a new stake in Baker Hughes during the 1st quarter worth about $28,000. Golden State Wealth Management LLC increased its holdings in Baker Hughes by 678.7% during the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after purchasing an additional 604 shares during the period. N.E.W. Advisory Services LLC purchased a new stake in Baker Hughes during the 1st quarter worth about $30,000. Grove Bank & Trust increased its holdings in 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 period. Finally, Harbour Investments Inc. increased its holdings in Baker Hughes by 61.7% during the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company's stock worth $33,000 after purchasing an additional 326 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Insider Activity at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the sale, the chief accounting officer directly owned 11,772 shares of the company's stock, valued at $588,600. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the sale, the executive vice president directly owned 40,520 shares of the company's stock, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 553,068 shares of company stock valued at $24,712,651 in the last three months. 0.27% of the stock is currently owned by company insiders.

Baker Hughes Stock Up 0.4%

Shares of NASDAQ BKR opened at $44.64 on Friday. The stock has a market cap of $44.01 billion, a PE ratio of 14.59, a price-to-earnings-growth ratio of 1.92 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a 52-week low of $33.60 and a 52-week high of $50.92. The business has a 50-day moving average price of $46.04 and a 200 day moving average price of $41.38.

Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $5.09 billion during the quarter. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%. Equities research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio is 30.07%.

Analyst Upgrades and Downgrades

BKR has been the topic of several recent research reports. Melius initiated coverage on Baker Hughes in a report on Wednesday, August 20th. They set a "buy" rating and a $60.00 price target on the stock. Capital One Financial increased their price objective on Baker Hughes from $49.00 to $53.00 and gave the company an "overweight" rating in a report on Tuesday, September 16th. UBS Group increased their price objective on Baker Hughes from $46.00 to $48.00 and gave the company a "neutral" rating in a report on Monday, October 6th. Barclays reiterated an "overweight" rating on shares of Baker Hughes in a report on Tuesday. Finally, Jefferies Financial Group set a $58.00 price objective on Baker Hughes in a report on Wednesday, July 30th. Twenty-two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $52.91.

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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