Sherbrooke Park Advisers LLC Purchases Shares of 8,465 Baker Hughes (NASDAQ:BKR)

Sherbrooke Park Advisers LLC purchased a new stake in Baker Hughes (NASDAQ:BKR - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 8,465 shares of the company's stock, valued at approximately $347,000.

A number of other institutional investors have also modified their holdings of the stock. JFS Wealth Advisors LLC grew its position in shares of 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 acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. purchased a new stake in Baker Hughes in the 4th quarter worth $30,000. Larson Financial Group LLC lifted its holdings in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after purchasing an additional 216 shares in the last quarter. Kestra Investment Management LLC acquired a new position in shares of Baker Hughes during the 4th quarter worth about $45,000. Finally, OFI Invest Asset Management acquired a new stake in Baker Hughes in the 4th quarter worth about $47,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Down 0.2%

Baker Hughes stock traded down $0.06 during mid-day trading on Thursday, reaching $36.59. 9,174,837 shares of the company's stock were exchanged, compared to its average volume of 7,063,991. The company has a fifty day moving average of $39.00 and a 200-day moving average of $42.01. The company has a market cap of $36.25 billion, a P/E ratio of 12.28, a P/E/G ratio of 2.00 and a beta of 0.96. 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 has a twelve month low of $30.93 and a twelve month high of $49.40.

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

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.51%. The ex-dividend date of this dividend was Tuesday, May 6th. Baker Hughes's payout ratio is presently 31.40%.

Analysts Set New Price Targets

BKR has been the topic of a number of research reports. Piper Sandler decreased their price objective on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a report on Thursday, April 24th. JPMorgan Chase & Co. upped their price target on Baker Hughes from $50.00 to $52.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Royal Bank of Canada cut their target price on Baker Hughes from $50.00 to $46.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Barclays reduced their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating on the stock in a research note 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 research 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, the company has a consensus rating of "Moderate Buy" and an average target price 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.