Baker Hughes (NASDAQ:BKR) Shares Sold by Graphene Investments SAS

Graphene Investments SAS reduced its stake in shares of Baker Hughes (NASDAQ:BKR) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 73,700 shares of the company’s stock after selling 17,800 shares during the period. Baker Hughes makes up approximately 2.1% of Graphene Investments SAS’s investment portfolio, making the stock its 18th biggest holding. Graphene Investments SAS’s holdings in Baker Hughes were worth $3,023,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of BKR. Sanctuary Advisors LLC purchased a new stake in shares of Baker Hughes in the second quarter valued at approximately $1,505,000. Park Avenue Securities LLC increased its holdings in shares of Baker Hughes by 6.0% during the 3rd quarter. Park Avenue Securities LLC now owns 26,703 shares of the company’s stock worth $965,000 after buying an additional 1,501 shares during the last quarter. Czech National Bank lifted its stake in shares of Baker Hughes by 6.4% in the 3rd quarter. Czech National Bank now owns 202,371 shares of the company’s stock valued at $7,316,000 after purchasing an additional 12,192 shares during the last quarter. GAMMA Investing LLC boosted its stake in Baker Hughes by 42.9% during the third quarter. GAMMA Investing LLC now owns 7,288 shares of the company’s stock worth $263,000 after buying an additional 2,187 shares during the period. Finally, Dynamic Advisor Solutions LLC purchased a new position in shares of Baker Hughes during the 3rd quarter worth approximately $279,000. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Trading Down 3.8 %

Shares of BKR stock opened at $46.98 on Friday. The company has a market cap of $46.49 billion, a PE ratio of 15.77, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a 12 month low of $28.63 and a 12 month high of $49.40. The business’s 50 day moving average is $43.30 and its two-hundred day moving average is $39.35.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating 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 analysts predict that Baker Hughes will post 2.55 EPS for the current year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a yield of 1.96%. Baker Hughes’s dividend payout ratio is 28.19%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. BMO Capital Markets boosted their price objective on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Citigroup upped their price objective on shares of Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a research note on Friday, October 25th. TD Cowen dropped their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Royal Bank of Canada boosted their price target on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a report on Monday. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $50.18.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.25% of the company’s stock.

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.