First Financial Corp IN Has $853,000 Stake in Baker Hughes Incorporated (BHI)
First Financial Corp IN lowered its stake in Baker Hughes Incorporated (NYSE:BHI) by 19.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,259 shares of the oilfield services provider’s stock after selling 3,434 shares during the period. First Financial Corp IN’s holdings in Baker Hughes were worth $853,000 as of its most recent filing with the SEC.
Other institutional investors also recently bought and sold shares of the company. FMR LLC increased its position in Baker Hughes by 1.9% in the fourth quarter. FMR LLC now owns 34,344,008 shares of the oilfield services provider’s stock valued at $2,231,331,000 after buying an additional 632,897 shares during the period. Dodge & Cox bought a new position in Baker Hughes during the fourth quarter valued at approximately $1,667,596,000. State Street Corp increased its position in Baker Hughes by 2.2% in the fourth quarter. State Street Corp now owns 22,328,635 shares of the oilfield services provider’s stock valued at $1,450,682,000 after buying an additional 472,771 shares during the period. Norges Bank bought a new position in Baker Hughes during the fourth quarter valued at approximately $254,792,000. Finally, FIL Ltd increased its position in Baker Hughes by 7.3% in the fourth quarter. FIL Ltd now owns 3,749,545 shares of the oilfield services provider’s stock valued at $243,608,000 after buying an additional 254,650 shares during the period. Institutional investors and hedge funds own 91.03% of the company’s stock.
Baker Hughes Incorporated (NYSE:BHI) traded up 0.65% on Tuesday, hitting $60.01. The stock had a trading volume of 2,516,958 shares. The company has a 50-day moving average price of $59.48 and a 200-day moving average price of $60.07. The stock’s market capitalization is $25.52 billion. Baker Hughes Incorporated has a 52 week low of $41.18 and a 52 week high of $68.59.
Baker Hughes (NYSE:BHI) last announced its earnings results on Thursday, January 26th. The oilfield services provider reported ($0.30) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by $0.19. The company had revenue of $2.40 billion for the quarter, compared to the consensus estimate of $2.36 billion. Baker Hughes had a negative return on equity of 5.64% and a negative net margin of 27.82%. The firm’s revenue for the quarter was down 29.0% on a year-over-year basis. During the same period in the prior year, the business earned ($0.21) earnings per share. Equities research analysts anticipate that Baker Hughes Incorporated will post $0.28 earnings per share for the current fiscal year.
Several equities analysts recently commented on BHI shares. FBR & Co raised their target price on Baker Hughes from $62.00 to $65.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 22nd. Jefferies Group LLC restated a “hold” rating and set a $73.00 target price (up previously from $57.00) on shares of Baker Hughes in a research report on Wednesday, December 21st. Zacks Investment Research downgraded Baker Hughes from a “buy” rating to a “hold” rating in a research report on Tuesday. Tudor Pickering started coverage on Baker Hughes in a research report on Thursday, March 23rd. They set a “buy” rating for the company. Finally, SunTrust Banks, Inc. started coverage on Baker Hughes in a research report on Wednesday, January 18th. They set a “hold” rating and a $66.00 target price for the company. One investment analyst has rated the stock with a sell rating, seventeen have given a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $60.40.
Baker Hughes Company Profile
Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.
Want to see what other hedge funds are holding BHI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes Incorporated (NYSE:BHI).
Receive News & Ratings for Baker Hughes Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.