Steph & Co. Decreases Stock Position in Baker Hughes (NASDAQ:BKR)

Steph & Co. lowered its position in shares of Baker Hughes (NASDAQ:BKR) by 13.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,411 shares of the company’s stock after selling 1,026 shares during the period. Steph & Co.’s holdings in Baker Hughes were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BKR. Ashton Thomas Securities LLC purchased a new stake in Baker Hughes during the 3rd quarter worth approximately $30,000. True Wealth Design LLC increased its stake in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after buying an additional 829 shares during the last quarter. Groupama Asset Managment raised its holdings in Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after acquiring an additional 811,711 shares in the last quarter. Continuum Advisory LLC boosted its stake in Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after acquiring an additional 796 shares during the last quarter. Finally, Quarry LP boosted its stake in Baker Hughes by 81.1% during the 2nd quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after acquiring an additional 714 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Trading Up 1.4 %

Shares of BKR stock opened at $45.72 on Thursday. The firm has a market capitalization of $45.24 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 0.79 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $45.90. The stock has a fifty day moving average of $42.54 and a two-hundred day moving average of $38.14.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. Baker Hughes’s revenue was up 4.0% compared to the same quarter last year. As a group, research analysts expect that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.84%. Baker Hughes’s dividend payout ratio is presently 37.67%.

Analyst Upgrades and Downgrades

BKR has been the subject of several research analyst reports. Barclays boosted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 18th. Bank of America increased their target price on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Baker Hughes in a research note on Thursday, October 24th. Finally, Stifel Nicolaus increased their target price on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a report on Monday, November 25th. Three investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $47.53.

About Baker Hughes

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.