Stifel Financial Corp Has $55.67 Million Stake in Baker Hughes (NASDAQ:BKR)

Stifel Financial Corp lessened its holdings in Baker Hughes (NASDAQ:BKR) by 1.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,357,244 shares of the company’s stock after selling 25,668 shares during the period. Stifel Financial Corp owned approximately 0.14% of Baker Hughes worth $55,674,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. JFS Wealth Advisors LLC grew its holdings in Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Baker Hughes during the fourth quarter valued at approximately $30,000. Larson Financial Group LLC lifted its holdings in Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after acquiring an additional 216 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Baker Hughes during the 4th quarter worth 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.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Barclays decreased their price target on Baker Hughes from $55.00 to $54.00 and set an “overweight” rating for the company in a research note on Monday, March 31st. Stifel Nicolaus dropped their price target on shares of Baker Hughes from $54.00 to $52.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. increased their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Wells Fargo & Company boosted their price target on Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Finally, TD Cowen cut 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. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $50.65.

Insider Buying and Selling

In other news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following 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 sale was disclosed in a filing with the SEC, which is accessible through this link. 0.27% of the stock is currently owned by company insiders.

Baker Hughes Price Performance

Shares of BKR stock opened at $38.36 on Wednesday. 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 market cap of $37.98 billion, a price-to-earnings ratio of 12.87, a PEG ratio of 2.00 and a beta of 1.08. The business’s fifty day moving average is $42.01 and its 200 day moving average is $42.10. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $6.54 billion. Research analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.40%. Baker Hughes’s dividend payout ratio is currently 30.87%.

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.