OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 46.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 145,990 shares of the company's stock after selling 124,910 shares during the quarter. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Baker Hughes were worth $5,989,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors have also recently modified their holdings of the company. JFS Wealth Advisors LLC raised its position in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock worth $27,000 after buying an additional 386 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC lifted its position 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 during the period. Kestra Investment Management LLC purchased a new stake in Baker Hughes in the fourth quarter worth approximately $45,000. Finally, OFI Invest Asset Management bought a new stake in Baker Hughes in the 4th quarter worth approximately $47,000. 92.06% of the stock is owned by institutional investors.
Baker Hughes Trading Up 0.2%
NASDAQ BKR traded up $0.06 on Friday, reaching $37.79. The stock had a trading volume of 6,155,847 shares, compared to its average volume of 7,043,811. 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 stock has a fifty day moving average price of $39.39 and a two-hundred day moving average price of $42.02. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The firm has a market capitalization of $37.44 billion, a price-to-earnings ratio of 12.68, a P/E/G ratio of 2.00 and a beta of 0.96.
Baker Hughes (NASDAQ:BKR - Get Free Report) last announced its earnings results 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. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. As a group, sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.
Baker Hughes Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 annualized dividend and a yield of 2.43%. Baker Hughes's dividend payout ratio (DPR) is 31.40%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the company. TD Cowen dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. The Goldman Sachs Group boosted their price target on Baker Hughes from $51.00 to $52.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. TD Securities dropped their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday, April 24th. Stifel Nicolaus set a $50.00 target price on shares of Baker Hughes and gave the company a "buy" rating in a research report on Thursday, April 24th. Finally, Piper Sandler decreased their price target on shares of Baker Hughes from $53.00 to $50.00 and set an "overweight" rating on the stock in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.11.
Read Our Latest Report on Baker Hughes
About Baker Hughes
(
Free Report)
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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