41,454 Shares in Baker Hughes Company $BKR Purchased by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. purchased a new position in Baker Hughes Company (NASDAQ:BKR) in the fourth quarter, Holdings Channel reports. The fund purchased 41,454 shares of the company’s stock, valued at approximately $1,888,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Deseret Mutual Benefit Administrators lifted its position in shares of Baker Hughes by 10.5% during the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,884 shares of the company’s stock valued at $86,000 after buying an additional 179 shares in the last quarter. Krilogy Financial LLC lifted its position in shares of Baker Hughes by 3.2% during the 4th quarter. Krilogy Financial LLC now owns 5,722 shares of the company’s stock valued at $261,000 after buying an additional 180 shares in the last quarter. 3Chopt Investment Partners LLC lifted its position in shares of Baker Hughes by 0.5% during the 4th quarter. 3Chopt Investment Partners LLC now owns 42,679 shares of the company’s stock valued at $1,944,000 after buying an additional 203 shares in the last quarter. Formidable Asset Management LLC lifted its position in shares of Baker Hughes by 3.2% during the 4th quarter. Formidable Asset Management LLC now owns 7,341 shares of the company’s stock valued at $358,000 after buying an additional 225 shares in the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Baker Hughes by 16.4% during the 4th quarter. CoreCap Advisors LLC now owns 1,619 shares of the company’s stock valued at $74,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Insiders Place Their Bets

In other Baker Hughes news, CAO Rebecca L. Charlton sold 5,088 shares of the firm’s stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total value of $326,751.36. Following the transaction, the chief accounting officer owned 15,997 shares in the company, valued at approximately $1,027,327.34. This trade represents a 24.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.19% of the company’s stock.

Analyst Upgrades and Downgrades

BKR has been the topic of a number of recent analyst reports. Barclays reiterated an “equal weight” rating and set a $74.00 target price (up from $62.00) on shares of Baker Hughes in a research report on Thursday, May 7th. Zacks Research lowered Baker Hughes from a “hold” rating to a “strong sell” rating in a research report on Tuesday, April 28th. Citigroup decreased their target price on Baker Hughes from $80.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, June 3rd. Capital One Financial increased their target price on Baker Hughes from $66.00 to $71.00 and gave the company an “overweight” rating in a research report on Thursday, May 21st. Finally, HSBC increased their target price on Baker Hughes from $67.00 to $85.00 and gave the company a “buy” rating in a research report on Monday, April 27th. Eighteen analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus target price of $69.14.

Baker Hughes Trading Down 0.5%

Shares of BKR stock opened at $63.14 on Friday. The stock’s fifty day moving average is $64.12 and its two-hundred day moving average is $57.88. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. The firm has a market capitalization of $62.64 billion, a P/E ratio of 20.17, a PEG ratio of 2.25 and a beta of 0.93. Baker Hughes Company has a fifty-two week low of $37.38 and a fifty-two week high of $70.41.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.09. The company had revenue of $6.59 billion for the quarter, compared to analyst estimates of $6.71 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Research analysts expect that Baker Hughes Company will post 2.31 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were issued a $0.23 dividend. The ex-dividend date was Tuesday, May 5th. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. Baker Hughes’s dividend payout ratio (DPR) is presently 29.39%.

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.