197,431 Shares in Baker Hughes (NASDAQ:BKR) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 197,431 shares of the company's stock, valued at approximately $8,082,000.

Several other institutional investors also recently modified their holdings of BKR. JFS Wealth Advisors LLC boosted its holdings 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 in the last quarter. SBI Securities Co. Ltd. bought a new position in Baker Hughes in the fourth quarter valued at about $30,000. Larson Financial Group LLC raised its position in Baker Hughes by 41.2% in 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 last quarter. Kestra Investment Management LLC acquired a new stake in shares of Baker Hughes during the fourth quarter valued at about $45,000. Finally, OFI Invest Asset Management bought a new stake in shares of Baker Hughes during the fourth quarter worth about $47,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Up 0.3%

BKR stock traded up $0.12 during midday trading on Monday, hitting $37.91. The stock had a trading volume of 5,295,934 shares, compared to its average volume of 7,041,174. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The firm has a market cap of $37.56 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96. The business has a fifty day moving average price of $39.30 and a two-hundred day moving average price of $42.08. Baker Hughes has a 1-year low of $30.93 and a 1-year high of $49.40.

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 firm had revenue of $6.43 billion during the quarter, compared to analyst estimates of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, sell-side analysts predict that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th were issued a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.43%. Baker Hughes's payout ratio is currently 31.40%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on BKR shares. Barclays dropped their price objective on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, April 24th. Morgan Stanley decreased their price target on shares of Baker Hughes from $55.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday. Stifel Nicolaus set a $50.00 price target on shares of Baker Hughes and gave the company a "buy" rating in a research note on Thursday, April 24th. Evercore ISI cut their price target on shares of Baker Hughes from $52.00 to $50.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Finally, TD Securities reduced their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, Baker Hughes has an average rating of "Moderate Buy" and a consensus price target of $49.11.

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.