Marshall Wace LLP Sells 558,968 Shares of Baker Hughes (NASDAQ:BKR)

Marshall Wace LLP decreased its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 95.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,100 shares of the company's stock after selling 558,968 shares during the period. Marshall Wace LLP's holdings in Baker Hughes were worth $1,030,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. NewEdge Advisors LLC increased its position in shares of Baker Hughes by 280.5% in the fourth quarter. NewEdge Advisors LLC now owns 42,297 shares of the company's stock worth $1,735,000 after purchasing an additional 31,181 shares during the period. United Capital Financial Advisors LLC increased its position in shares of Baker Hughes by 4.2% in the fourth quarter. United Capital Financial Advisors LLC now owns 19,043 shares of the company's stock worth $781,000 after purchasing an additional 772 shares during the period. Jump Financial LLC increased its position in shares of Baker Hughes by 71.0% in the fourth quarter. Jump Financial LLC now owns 14,509 shares of the company's stock worth $595,000 after purchasing an additional 6,026 shares during the period. Canada Post Corp Registered Pension Plan bought a new position in Baker Hughes in the fourth quarter valued at about $4,297,000. Finally, Tribune Investment Group LP acquired a new position in Baker Hughes during the fourth quarter worth about $5,333,000. Institutional investors own 92.06% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on BKR. The Goldman Sachs Group raised their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Stifel Nicolaus set a $50.00 price objective on shares of Baker Hughes and gave the stock a "buy" rating in a research report on Thursday, April 24th. Evercore ISI lowered 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 upped their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Finally, Piper Sandler lowered their price objective on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" 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 given a buy rating to the company. According to MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and an average target price of $49.11.

Baker Hughes Trading Down 0.8 %

BKR opened at $35.92 on Wednesday. Baker Hughes has a twelve month low of $30.93 and a twelve month 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. The company has a fifty day moving average of $40.95 and a 200-day moving average of $42.05. The stock has a market cap of $35.56 billion, a PE ratio of 12.05, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

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

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.56%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's dividend payout ratio is presently 31.40%.

Baker Hughes Company 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.

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