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

STF Management LP cut its position in shares of Baker Hughes (NASDAQ:BKR) by 7.3% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 14,520 shares of the company’s stock after selling 1,135 shares during the quarter. STF Management LP’s holdings in Baker Hughes were worth $525,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ashton Thomas Securities LLC acquired a new position in Baker Hughes during the third quarter worth about $30,000. New Covenant Trust Company N.A. acquired a new position in shares of Baker Hughes in the 1st quarter worth approximately $34,000. Alta Advisers Ltd bought a new stake in shares of Baker Hughes in the 2nd quarter worth approximately $42,000. Headlands Technologies LLC bought a new stake in shares of Baker Hughes in the 2nd quarter worth approximately $48,000. Finally, Quarry LP lifted its stake in Baker Hughes by 81.1% during the second quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after purchasing an additional 714 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Analysts Set New Price Targets

BKR has been the topic of several research reports. Evercore ISI upped their price target on Baker Hughes from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Wells Fargo & Company raised Baker Hughes from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $40.00 to $42.00 in a research report on Wednesday, September 25th. Jefferies Financial Group upped their target price on Baker Hughes from $46.00 to $48.00 and gave the company a “buy” rating in a report on Monday, July 29th. Citigroup lifted their price target on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, The Goldman Sachs Group raised their target price on shares of Baker Hughes from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.59.

Baker Hughes Stock Up 1.4 %

Shares of Baker Hughes stock opened at $44.94 on Friday. The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 20.15, a P/E/G ratio of 0.72 and a beta of 1.38. The stock has a 50-day simple moving average of $38.33 and a 200-day simple moving average of $35.52. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $45.17. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The firm had revenue of $6.91 billion during the quarter, compared to analysts’ expectations of $7.21 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s revenue was up 4.0% compared to the same quarter last year. On average, equities research analysts expect that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.87%. The ex-dividend date was Monday, November 4th. Baker Hughes’s payout ratio is 37.67%.

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.