Baker Hughes Incorporated (BHI) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its stake in Baker Hughes Incorporated (NYSE:BHI) by 0.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 2,452,456 shares of the oilfield services provider’s stock after buying an additional 1,748 shares during the period. Dimensional Fund Advisors LP owned about 0.57% of Baker Hughes worth $159,335,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of Baker Hughes by 24.0% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,485 shares of the oilfield services provider’s stock valued at $3,930,000 after buying an additional 11,719 shares in the last quarter. ARP Americas LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at about $280,000. FNY Partners Fund LP purchased a new position in shares of Baker Hughes during the fourth quarter valued at about $1,299,000. State Street Corp raised its position in shares of Baker Hughes by 2.2% in the fourth quarter. State Street Corp now owns 22,328,635 shares of the oilfield services provider’s stock valued at $1,450,682,000 after buying an additional 472,771 shares in the last quarter. Finally, Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Baker Hughes by 12.6% in the fourth quarter. Meiji Yasuda Asset Management Co Ltd. now owns 6,092 shares of the oilfield services provider’s stock valued at $396,000 after buying an additional 680 shares in the last quarter. 91.03% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Baker Hughes (NYSE:BHI)

Baker Hughes Incorporated (NYSE:BHI) traded down 0.85% on Friday, reaching $60.68. The company’s stock had a trading volume of 280,669 shares. The firm’s 50 day moving average is $62.50 and its 200-day moving average is $56.93. Baker Hughes Incorporated has a 12 month low of $38.16 and a 12 month high of $68.59. The firm’s market cap is $25.81 billion.

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Baker Hughes (NYSE:BHI) last released its quarterly earnings results on Thursday, January 26th. The oilfield services provider reported ($0.30) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by $0.19. Baker Hughes had a negative net margin of 27.82% and a negative return on equity of 5.64%. The business earned $2.40 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. The firm’s quarterly revenue was down 29.0% on a year-over-year basis. On average, equities research analysts anticipate that Baker Hughes Incorporated will post $0.35 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 17th. Stockholders of record on Monday, February 6th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, February 2nd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.11%. Baker Hughes’s payout ratio is -10.83%.

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Several equities analysts recently issued reports on BHI shares. Stephens upgraded Baker Hughes from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, October 25th. Cowen and Company upgraded Baker Hughes from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $47.00 to $65.00 in a research note on Wednesday, October 26th. Credit Suisse Group restated an “outperform” rating and set a $61.00 price target (up from $56.00) on shares of Baker Hughes in a research note on Wednesday, October 26th. Howard Weil boosted their price target on Baker Hughes from $56.00 to $62.00 and gave the company a “sector outperform” rating in a research note on Thursday, October 27th. Finally, Scotiabank restated a “sector outperform” rating and set a $62.00 price target (up from $56.00) on shares of Baker Hughes in a research note on Thursday, October 27th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. Baker Hughes presently has an average rating of “Buy” and an average target price of $59.31.

Baker Hughes Company Profile

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides industrial products and services for other businesses, including downstream chemicals, and process and pipeline services.

5 Day Chart for NYSE:BHI

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