Crossmark Global Holdings Inc. Has $1.51 Million Holdings in Baker Hughes (NASDAQ:BKR)

Crossmark Global Holdings Inc. raised its holdings in shares of Baker Hughes (NASDAQ:BKRFree Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,064 shares of the company’s stock after purchasing an additional 838 shares during the period. Crossmark Global Holdings Inc.’s holdings in Baker Hughes were worth $1,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Bruce G. Allen Investments LLC acquired a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $33,000. Montag A & Associates Inc. raised its position in shares of Baker Hughes by 100.0% in the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after acquiring an additional 500 shares during the period. Rational Advisors LLC raised its position 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 acquiring an additional 382 shares during the period. Clearstead Advisors LLC raised its position in shares of Baker Hughes by 38.2% in the 3rd quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock valued at $54,000 after acquiring an additional 421 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new stake in shares of Baker Hughes in the 3rd quarter valued at approximately $76,000. 92.06% of the stock is currently 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 firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this link. In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the sale, the executive vice president now owns 92,035 shares of the company’s stock, valued at approximately $2,945,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction on Friday, April 5th. The stock was sold at an average price of $33.88, for a total value of $169,400.00. Following the sale, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.

Baker Hughes Price Performance

NASDAQ:BKR opened at $31.64 on Friday. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $37.58. The company has a current ratio of 1.25, a quick ratio of 0.84 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $32.71 and a 200 day simple moving average of $32.05. The stock has a market capitalization of $31.58 billion, a PE ratio of 17.68, a P/E/G ratio of 0.55 and a beta of 1.43.

Baker Hughes (NASDAQ:BKRGet Free Report) last released its earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.03. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The business had revenue of $6.42 billion during the quarter, compared to analysts’ expectations of $6.37 billion. During the same period last year, the business earned $0.28 earnings per share. The firm’s revenue was up 12.3% on a year-over-year basis. On average, research analysts expect that Baker Hughes will post 2.08 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were paid a $0.21 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.84 annualized dividend and a dividend yield of 2.65%. Baker Hughes’s dividend payout ratio is presently 46.93%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $40.00 price target on shares of Baker Hughes in a research report on Wednesday, April 24th. Susquehanna reiterated a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a research report on Monday, April 8th. UBS Group increased their target price on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Morgan Stanley increased their target price on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group increased their target price on Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $41.13.

Check Out Our Latest Research Report on BKR

Baker Hughes Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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