Baker Hughes (NASDAQ:BKR) Shares Purchased by Quest Partners LLC

Quest Partners LLC lifted its holdings in Baker Hughes (NASDAQ:BKR) by 446,900.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,470 shares of the company’s stock after acquiring an additional 4,469 shares during the period. Quest Partners LLC’s holdings in Baker Hughes were worth $162,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. National Pension Service boosted its holdings in Baker Hughes by 6.4% in the third quarter. National Pension Service now owns 1,362,973 shares of the company’s stock valued at $49,271,000 after purchasing an additional 81,625 shares during the last quarter. Hixon Zuercher LLC acquired a new position in Baker Hughes in the third quarter worth $1,980,000. Wedge Capital Management L L P NC raised its holdings in shares of Baker Hughes by 20.5% during the second quarter. Wedge Capital Management L L P NC now owns 726,291 shares of the company’s stock worth $25,544,000 after purchasing an additional 123,689 shares during the period. AQR Capital Management LLC lifted its position in shares of Baker Hughes by 7.6% in the 2nd quarter. AQR Capital Management LLC now owns 6,424,915 shares of the company’s stock worth $223,523,000 after buying an additional 455,307 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of Baker Hughes by 1,443.3% in the 2nd quarter. Mather Group LLC. now owns 36,330 shares of the company’s stock valued at $1,217,000 after buying an additional 33,976 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Wall Street Analysts Forecast Growth

BKR has been the topic of several research reports. Barclays increased their price objective on shares of Baker Hughes from $41.00 to $46.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. Susquehanna boosted their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the company a “positive” rating in a report on Thursday, October 24th. Stifel Nicolaus boosted their price target on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday. Royal Bank of Canada reissued an “outperform” rating and set a $43.00 target price on shares of Baker Hughes in a report on Thursday, October 24th. Finally, Citigroup raised their price objective on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.76.

Baker Hughes Price Performance

Shares of NASDAQ:BKR opened at $43.61 on Friday. The company has a market cap of $43.15 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 0.73 and a beta of 1.38. The company’s fifty day moving average is $39.23 and its two-hundred day moving average is $35.92. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $45.17.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same period in the prior year, the business earned $0.42 EPS. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. Equities analysts expect that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes’s dividend payout ratio is currently 37.67%.

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.