Baker Hughes (NASDAQ:BKR) Shares Sold by Point72 Europe London LLP

Point72 Europe London LLP trimmed its position in Baker Hughes (NASDAQ:BKR) by 60.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,400 shares of the company’s stock after selling 17,200 shares during the period. Point72 Europe London LLP’s holdings in Baker Hughes were worth $468,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Baker Hughes by 1.2% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 40,525 shares of the company’s stock valued at $1,662,000 after buying an additional 475 shares in the last quarter. Kathmere Capital Management LLC increased its holdings in shares of Baker Hughes by 32.3% in the fourth quarter. Kathmere Capital Management LLC now owns 8,104 shares of the company’s stock valued at $332,000 after buying an additional 1,980 shares in the last quarter. USA Financial Formulas bought a new position in shares of Baker Hughes in the fourth quarter valued at $1,283,000. Ritholtz Wealth Management increased its holdings in shares of Baker Hughes by 34.2% in the fourth quarter. Ritholtz Wealth Management now owns 34,386 shares of the company’s stock valued at $1,411,000 after buying an additional 8,755 shares in the last quarter. Finally, Occidental Asset Management LLC increased its holdings in shares of Baker Hughes by 32.6% in the fourth quarter. Occidental Asset Management LLC now owns 84,116 shares of the company’s stock valued at $3,450,000 after buying an additional 20,683 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Down 0.3%

Shares of NASDAQ:BKR opened at $37.73 on Friday. The stock has a market capitalization of $37.38 billion, a PE ratio of 12.66, a P/E/G ratio of 2.00 and a beta of 0.96. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a fifty day moving average price of $39.39 and a 200 day moving average price of $42.02. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

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

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 2.44%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes’s payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

BKR has been the topic of several research reports. Stifel Nicolaus set a $50.00 price target on Baker Hughes and gave the company a “buy” rating in a report on Thursday, April 24th. Susquehanna cut their target price on shares of Baker Hughes from $48.00 to $46.00 and set a “positive” rating on the stock in a research note on Thursday, April 24th. Citigroup cut their target price on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. 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. Finally, JPMorgan Chase & Co. boosted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.11.

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.