Jones Financial Companies Lllp Has $1.21 Million Holdings in Baker Hughes Company $BKR

Jones Financial Companies Lllp boosted its stake in Baker Hughes Company (NASDAQ:BKR) by 99.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,870 shares of the company’s stock after buying an additional 11,929 shares during the quarter. Jones Financial Companies Lllp’s holdings in Baker Hughes were worth $1,205,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Woodline Partners LP grew its position in Baker Hughes by 40.8% in the 1st quarter. Woodline Partners LP now owns 83,650 shares of the company’s stock worth $3,676,000 after purchasing an additional 24,225 shares during the last quarter. Focus Partners Wealth grew its holdings in Baker Hughes by 5.6% during the 1st quarter. Focus Partners Wealth now owns 18,481 shares of the company’s stock worth $812,000 after acquiring an additional 986 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake in shares of Baker Hughes by 405.0% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 34,832 shares of the company’s stock valued at $1,335,000 after buying an additional 27,935 shares during the period. Vanguard Personalized Indexing Management LLC grew its position in shares of Baker Hughes by 7.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 115,110 shares of the company’s stock worth $4,414,000 after buying an additional 8,023 shares during the period. Finally, LRI Investments LLC grew its stake in shares of Baker Hughes by 59.3% during the second quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock worth $40,000 after purchasing an additional 384 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

In related news, Director William G. Beattie sold 18,023 shares of the firm’s stock in a transaction dated Tuesday, February 3rd. The shares were sold at an average price of $57.29, for a total transaction of $1,032,537.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Rebecca L. Charlton sold 843 shares of Baker Hughes stock in a transaction dated Tuesday, February 3rd. The stock was sold at an average price of $56.34, for a total transaction of $47,494.62. Following the completion of the sale, the chief accounting officer directly owned 14,019 shares in the company, valued at approximately $789,830.46. This represents a 5.67% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 20,851 shares of company stock valued at $1,190,736. Insiders own 0.27% of the company’s stock.

Baker Hughes Trading Down 0.7%

NASDAQ BKR opened at $59.13 on Wednesday. The company has a market cap of $58.35 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 1.60 and a beta of 0.89. The business has a 50 day moving average price of $50.50 and a 200-day moving average price of $48.00. Baker Hughes Company has a 52 week low of $33.60 and a 52 week high of $59.87. The company has a quick ratio of 1.00, a current ratio of 1.36 and a debt-to-equity ratio of 0.28.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Monday, January 26th. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business had revenue of $7.39 billion during the quarter, compared to the consensus estimate of $7.09 billion. During the same quarter in the prior year, the company posted $0.70 earnings per share. Baker Hughes’s revenue was up .3% compared to the same quarter last year. As a group, equities analysts expect that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Tuesday, February 17th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, February 17th. Baker Hughes’s dividend payout ratio is 35.38%.

Wall Street Analysts Forecast Growth

BKR has been the topic of several research reports. Argus boosted their price objective on shares of Baker Hughes from $55.00 to $67.00 in a research report on Tuesday, January 27th. HSBC lifted their target price on shares of Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Monday, October 27th. Zephirin Group lifted their target price on Baker Hughes from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Monday, January 26th. UBS Group upped their target price on Baker Hughes from $54.00 to $61.00 and gave the company a “neutral” rating in a research report on Wednesday, January 28th. Finally, Evercore set a $54.00 price target on shares of Baker Hughes in a report on Monday, October 27th. Nineteen research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $58.36.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.