Baker Hughes (NASDAQ:BKR) Shares Purchased by MGO One Seven LLC

MGO One Seven LLC boosted its position in Baker Hughes (NASDAQ:BKR) by 8.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,128 shares of the company’s stock after purchasing an additional 704 shares during the period. MGO One Seven LLC’s holdings in Baker Hughes were worth $374,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Morse Asset Management Inc acquired a new stake in shares of Baker Hughes during the 3rd quarter valued at $1,263,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Baker Hughes during the 3rd quarter valued at $139,000. Birmingham Capital Management Co. Inc. AL lifted its position in shares of Baker Hughes by 18.5% during the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 16,000 shares of the company’s stock valued at $578,000 after acquiring an additional 2,500 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of Baker Hughes by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company’s stock valued at $42,580,000 after acquiring an additional 47,727 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Baker Hughes by 41.1% during the 4th quarter. GAMMA Investing LLC now owns 10,286 shares of the company’s stock valued at $422,000 after acquiring an additional 2,998 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on BKR shares. Benchmark reissued a “buy” rating and set a $57.00 target price on shares of Baker Hughes in a research note on Tuesday, February 11th. TD Securities cut their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Jefferies Financial Group boosted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Barclays cut their target price on shares of Baker Hughes from $54.00 to $48.00 and set an “overweight” rating on the stock in a research note on Thursday, April 24th. Finally, TD Cowen cut their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.11.

Baker Hughes Stock Down 0.7 %

Shares of Baker Hughes stock opened at $36.21 on Tuesday. The stock has a market capitalization of $35.85 billion, a P/E ratio of 12.15, a PEG ratio of 2.00 and a beta of 1.08. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $41.17 and a two-hundred day moving average price of $42.09. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.03. The firm had revenue of $6.43 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Equities analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a yield of 2.54%. Baker Hughes’s payout ratio is currently 31.40%.

About Baker Hughes

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.