13,518 Shares in Baker Hughes Company $BKR Purchased by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft acquired a new position in Baker Hughes Company (NASDAQ:BKR) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 13,518 shares of the company’s stock, valued at approximately $615,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Krilogy Financial LLC boosted its position in shares of Baker Hughes by 3.2% in the 4th quarter. Krilogy Financial LLC now owns 5,722 shares of the company’s stock worth $261,000 after buying an additional 180 shares in the last quarter. Formidable Asset Management LLC boosted its position in shares of Baker Hughes by 3.2% in the 4th quarter. Formidable Asset Management LLC now owns 7,341 shares of the company’s stock worth $358,000 after buying an additional 225 shares in the last quarter. CoreCap Advisors LLC boosted its position in shares of Baker Hughes by 16.4% in the 4th quarter. CoreCap Advisors LLC now owns 1,619 shares of the company’s stock worth $74,000 after buying an additional 228 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Baker Hughes by 3.7% in the 3rd quarter. AMG National Trust Bank now owns 6,831 shares of the company’s stock worth $333,000 after buying an additional 246 shares in the last quarter. Finally, JFS Wealth Advisors LLC boosted its position in shares of Baker Hughes by 45.1% in the 4th quarter. JFS Wealth Advisors LLC now owns 811 shares of the company’s stock worth $37,000 after buying an additional 252 shares in the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Stock Down 1.2%

BKR opened at $64.61 on Friday. The firm has a 50 day moving average price of $62.09 and a 200 day moving average price of $55.48. The company has a market cap of $64.10 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 2.38 and a beta of 0.97. Baker Hughes Company has a 1 year low of $35.83 and a 1 year high of $70.41. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $6.59 billion during the quarter, compared to the consensus estimate of $6.71 billion. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.51 EPS. Sell-side analysts expect that Baker Hughes Company will post 2.32 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Investors of record on Tuesday, May 5th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, May 5th. Baker Hughes’s dividend payout ratio is 29.39%.

Insider Buying and Selling

In related news, CEO Lorenzo Simonelli sold 272,594 shares of the stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $58.79, for a total transaction of $16,025,801.26. Following the completion of the sale, the chief executive officer owned 866,444 shares of the company’s stock, valued at approximately $50,938,242.76. This represents a 23.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Maria Georgia Magno sold 5,063 shares of the stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $59.04, for a total transaction of $298,919.52. Following the sale, the insider directly owned 15,555 shares of the company’s stock, valued at approximately $918,367.20. This trade represents a 24.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 550,250 shares of company stock valued at $32,988,331. Corporate insiders own 0.19% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BKR. Zephirin Group boosted their price objective on shares of Baker Hughes from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Monday, January 26th. Capital One Financial upped their target price on shares of Baker Hughes from $60.00 to $66.00 and gave the company an “overweight” rating in a report on Friday, April 10th. Zacks Research lowered shares of Baker Hughes from a “hold” rating to a “strong sell” rating in a report on Tuesday, April 28th. Wall Street Zen lowered shares of Baker Hughes from a “buy” rating to a “hold” rating in a report on Saturday, March 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Baker Hughes in a report on Friday, April 24th. Eighteen investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $69.18.

About Baker Hughes

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.