USA Financial Formulas Takes Position in Baker Hughes (NASDAQ:BKR)

USA Financial Formulas bought a new position in Baker Hughes (NASDAQ:BKR - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 35,937 shares of the company's stock, valued at approximately $1,228,000.

Several other hedge funds have also recently modified their holdings of BKR. Bruce G. Allen Investments LLC bought a new stake in Baker Hughes during the fourth quarter valued at approximately $33,000. Montag A & Associates Inc. boosted its holdings in shares of Baker Hughes by 100.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company's stock worth $34,000 after purchasing an additional 500 shares during the period. OFI Invest Asset Management bought a new position in shares of Baker Hughes during the 3rd quarter valued at approximately $36,000. Rational Advisors LLC raised its holdings in Baker Hughes by 44.0% during the 3rd quarter. Rational Advisors LLC now owns 1,250 shares of the company's stock valued at $44,000 after buying an additional 382 shares during the period. Finally, Clearstead Advisors LLC lifted its position in Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company's stock worth $54,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on BKR shares. TD Cowen raised their price target on Baker Hughes from $46.00 to $49.00 and gave the stock an "outperform" rating in a research note on Thursday, January 25th. Susquehanna restated a "positive" rating and issued a $40.00 price target on shares of Baker Hughes in a report on Monday, April 8th. Morgan Stanley boosted their price objective on shares of Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. The Goldman Sachs Group boosted their price target on Baker Hughes from $36.00 to $38.00 in a report on Tuesday, April 23rd. Finally, Benchmark restated a "buy" rating and set a $40.00 price objective on shares of Baker Hughes in a report on Wednesday, April 24th. Three research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, Baker Hughes currently has an average rating of "Moderate Buy" and an average target price of $40.94.

Insider Buying and Selling

In other news, SVP James E. Apostolides sold 5,000 shares of the firm'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 completion of the transaction, the senior vice president now directly owns 14,998 shares of the company's stock, valued at approximately $508,132.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP James E. Apostolides sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total transaction of $294,400.00. Following the sale, the senior vice president now owns 14,451 shares in the company, valued at $425,437.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP James E. Apostolides sold 5,000 shares of the business's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, the senior vice president now owns 14,998 shares of the company's stock, valued at $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Baker Hughes Stock Up 0.2 %

Shares of Baker Hughes stock traded up $0.07 during trading hours on Monday, hitting $32.41. The company had a trading volume of 4,209,914 shares, compared to its average volume of 8,351,838. The company's 50-day moving average is $32.60 and its two-hundred day moving average is $32.32. Baker Hughes has a twelve month low of $26.96 and a twelve month high of $37.58. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.84. The company has a market cap of $32.35 billion, a P/E ratio of 18.07, a price-to-earnings-growth ratio of 0.56 and a beta of 1.44.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. The firm had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The company's revenue for the quarter was up 12.3% on a year-over-year basis. During the same period last year, the company earned $0.28 earnings per share. Analysts anticipate that Baker Hughes will post 2.08 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date is Friday, May 3rd. Baker Hughes's dividend payout ratio is currently 46.93%.

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.