Baker Hughes (NASDAQ:BKR) Shares Sold by Clarius Group LLC

Clarius Group LLC reduced its stake in shares of Baker Hughes (NASDAQ:BKR) by 6.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,962 shares of the company’s stock after selling 630 shares during the period. Clarius Group LLC’s holdings in Baker Hughes were worth $306,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Miller Howard Investments Inc. NY grew its holdings in Baker Hughes by 0.5% during the 3rd quarter. Miller Howard Investments Inc. NY now owns 55,658 shares of the company’s stock worth $1,966,000 after acquiring an additional 303 shares in the last quarter. Blue Trust Inc. boosted its holdings in shares of Baker Hughes by 15.5% in the 4th quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock valued at $85,000 after buying an additional 327 shares during the period. Quarry LP boosted its holdings in shares of Baker Hughes by 41.3% in the 2nd quarter. Quarry LP now owns 1,132 shares of the company’s stock valued at $36,000 after buying an additional 331 shares during the period. Meiji Yasuda Asset Management Co Ltd. boosted its holdings in shares of Baker Hughes by 3.4% in the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 10,652 shares of the company’s stock valued at $315,000 after buying an additional 350 shares during the period. Finally, Rational Advisors LLC boosted its holdings in shares of Baker Hughes by 44.0% in the 3rd quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock valued at $44,000 after buying an additional 382 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Baker Hughes

In related news, SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at $508,132.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP James E. Apostolides sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $29.44, for a total transaction of $294,400.00. Following the sale, the senior vice president now owns 14,451 shares in the company, valued at approximately $425,437.44. The disclosure for this sale can be found here. Company insiders own 0.24% of the company’s stock.

Baker Hughes Trading Down 2.8 %

Shares of NASDAQ:BKR opened at $33.05 on Monday. The company has a 50 day moving average of $31.36 and a 200-day moving average of $32.65. The firm has a market cap of $33.08 billion, a P/E ratio of 17.30, a P/E/G ratio of 0.68 and a beta of 1.42. Baker Hughes has a twelve month low of $26.81 and a twelve month high of $37.58. 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:BKR) last released its earnings results on Wednesday, January 24th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.47 by $0.04. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The business had revenue of $6.84 billion during the quarter, compared to analyst estimates of $6.93 billion. During the same period in the prior year, the business earned $0.38 earnings per share. The business’s quarterly revenue was up 15.7% on a year-over-year basis. As a group, analysts anticipate that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Tuesday, February 13th were paid a dividend of $0.21 per share. The ex-dividend date was Monday, February 12th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.54%. Baker Hughes’s dividend payout ratio is currently 43.98%.

Analysts Set New Price Targets

Several research firms have recently commented on BKR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 price target on shares of Baker Hughes in a report on Thursday, February 1st. TD Cowen lifted their price target on shares of Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Susquehanna reaffirmed a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a report on Monday, April 8th. Barclays decreased their price target on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Finally, Citigroup cut their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a research report on Friday, January 26th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $40.87.

Baker Hughes Company Profile

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.