Baker Hughes (NASDAQ:BKR) Shares Sold by Yaupon Capital Management LP

Yaupon Capital Management LP lowered its holdings in Baker Hughes (NASDAQ:BKR) by 64.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 465,309 shares of the company’s stock after selling 843,024 shares during the quarter. Yaupon Capital Management LP’s holdings in Baker Hughes were worth $19,087,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. JFS Wealth Advisors LLC grew its stake in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock valued at $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Baker Hughes during the 4th quarter worth about $30,000. Larson Financial Group LLC boosted its position in Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares during the period. Kestra Investment Management LLC acquired a new stake in Baker Hughes in the fourth quarter valued at approximately $45,000. Finally, OFI Invest Asset Management acquired a new position in Baker Hughes in the 4th quarter worth $47,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Down 2.9 %

Shares of BKR stock opened at $37.80 on Tuesday. The stock has a market capitalization of $37.43 billion, a P/E ratio of 12.68, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. The company has a 50 day moving average price of $42.16 and a 200 day moving average price of $42.13. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. Equities research analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were paid a $0.23 dividend. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.43%. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s payout ratio is currently 30.87%.

Insider Activity at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.27% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BKR shares. Wells Fargo & Company raised their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price objective on shares of Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research note on Monday, February 3rd. The Goldman Sachs Group increased their price objective on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. TD Cowen decreased their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Finally, JPMorgan Chase & Co. raised their price target on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.65.

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.