Landscape Capital Management L.L.C. Purchases Shares of 19,120 Baker Hughes (NASDAQ:BKR)

Landscape Capital Management L.L.C. acquired a new position in shares of Baker Hughes (NASDAQ:BKRFree Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 19,120 shares of the company’s stock, valued at approximately $675,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in Baker Hughes during the fourth quarter valued at about $195,343,000. BlackRock Inc. raised its holdings in Baker Hughes by 3.9% during the second quarter. BlackRock Inc. now owns 94,764,470 shares of the company’s stock valued at $2,995,505,000 after buying an additional 3,521,762 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Baker Hughes by 39.0% in the second quarter. Dimensional Fund Advisors LP now owns 7,258,477 shares of the company’s stock worth $229,434,000 after purchasing an additional 2,038,214 shares during the period. Morgan Stanley increased its stake in shares of Baker Hughes by 27.2% in the fourth quarter. Morgan Stanley now owns 8,986,722 shares of the company’s stock worth $265,378,000 after purchasing an additional 1,919,760 shares during the period. Finally, Clearbridge Investments LLC bought a new position in shares of Baker Hughes in the first quarter worth about $69,329,000. 92.22% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Trading Down 0.7 %

BKR stock opened at $28.80 on Tuesday. Baker Hughes has a 1-year low of $26.12 and a 1-year high of $37.58. The firm has a market cap of $28.98 billion, a P/E ratio of 15.08 and a beta of 1.43. The business’s 50 day moving average is $32.25 and its 200-day moving average is $34.18. 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 (NASDAQ:BKRGet Free Report) last released its quarterly earnings data on Wednesday, January 24th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.04. Baker Hughes had a return on equity of 10.63% and a net margin of 7.62%. The company had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the company posted $0.38 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. Equities analysts anticipate that Baker Hughes will post 2.12 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Tuesday, February 13th will be issued a $0.21 dividend. This is an increase from Baker Hughes’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Monday, February 12th. Baker Hughes’s payout ratio is presently 41.88%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Morgan Stanley lifted their price objective on Baker Hughes from $37.00 to $40.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 17th. Barclays dropped their price objective on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $39.00 price objective on shares of Baker Hughes in a research note on Thursday, February 1st. TD Cowen boosted their price target on Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, Wolfe Research lowered Baker Hughes from an “outperform” rating to a “peer perform” rating in a research note on Monday, January 29th. Three investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.44.

View Our Latest Analysis on BKR

Baker Hughes Company Profile

(Free Report)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). 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.

See Also

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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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