Baker Hughes (NASDAQ:BKR) SVP James E. Apostolides Sells 5,000 Shares

Baker Hughes (NASDAQ:BKR - Get Free Report) SVP James E. Apostolides sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares of the company's stock, valued at $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Baker Hughes Stock Down 0.2 %

Shares of BKR traded down $0.06 on Tuesday, reaching $34.19. The company's stock had a trading volume of 3,373,012 shares, compared to its average volume of 9,176,184. The company has a current ratio of 1.25, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. Baker Hughes has a twelve month low of $26.81 and a twelve month high of $37.58. The stock has a market capitalization of $34.22 billion, a PE ratio of 17.90, a PEG ratio of 0.71 and a beta of 1.42. The firm has a fifty day moving average of $31.06 and a 200-day moving average of $32.70.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.04. The company had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.93 billion. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. Baker Hughes's quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.38 EPS. Equities analysts predict that Baker Hughes will post 2.07 EPS for the current year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Tuesday, February 13th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, February 12th. This represents a $0.84 annualized dividend and a dividend yield of 2.46%. This is a boost from Baker Hughes's previous quarterly dividend of $0.20. Baker Hughes's dividend payout ratio (DPR) is 43.98%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank of Canada restated an "outperform" rating and set a $39.00 price objective on shares of Baker Hughes in a research report on Thursday, February 1st. Barclays lowered their price objective on shares of Baker Hughes from $43.00 to $42.00 and set an "overweight" rating for the company in a research report on Friday, January 26th. TD Cowen upped their price target on shares of Baker Hughes from $46.00 to $49.00 and gave the stock an "outperform" rating in a report on Thursday, January 25th. Susquehanna reiterated a "positive" rating and set a $40.00 price target on shares of Baker Hughes in a report on Monday. Finally, Wolfe Research downgraded shares of Baker Hughes from an "outperform" rating to a "peer perform" rating in a report on Monday, January 29th. Three analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and an average target price of $40.87.

Hedge Funds Weigh In On Baker Hughes

A number of large investors have recently added to or reduced their stakes in BKR. Norges Bank bought a new stake in shares of Baker Hughes during the 4th quarter valued at about $551,555,000. Barclays PLC raised its position in Baker Hughes by 109.0% in the fourth quarter. Barclays PLC now owns 6,112,931 shares of the company's stock worth $208,939,000 after acquiring an additional 3,188,228 shares during the period. FMR LLC raised its position in Baker Hughes by 16.8% in the third quarter. FMR LLC now owns 16,078,162 shares of the company's stock worth $567,881,000 after acquiring an additional 2,316,638 shares during the period. AQR Capital Management LLC raised its position in Baker Hughes by 846.7% in the third quarter. AQR Capital Management LLC now owns 2,378,976 shares of the company's stock worth $84,025,000 after acquiring an additional 2,127,675 shares during the period. Finally, Morgan Stanley raised its position in shares of Baker Hughes by 27.2% during the 4th quarter. Morgan Stanley now owns 8,986,722 shares of the company's stock valued at $265,378,000 after purchasing an additional 1,919,760 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

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.