Baker Hughes (NASDAQ:BKR) Shares Acquired by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co increased its stake in Baker Hughes (NASDAQ:BKRFree Report) by 4.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,149 shares of the company’s stock after acquiring an additional 3,418 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Baker Hughes were worth $3,013,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Bruce G. Allen Investments LLC acquired a new stake in Baker Hughes in the fourth quarter valued at $33,000. Montag A & Associates Inc. raised its stake in Baker Hughes by 100.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after buying an additional 500 shares in the last quarter. Rational Advisors LLC raised its stake in Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock valued at $44,000 after buying an additional 382 shares in the last quarter. Clearstead Advisors LLC raised its stake in Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock valued at $54,000 after buying an additional 421 shares in the last quarter. Finally, Raleigh Capital Management Inc. raised its stake in Baker Hughes by 7,226.7% in the third quarter. Raleigh Capital Management Inc. now owns 2,198 shares of the company’s stock valued at $78,000 after buying an additional 2,168 shares in the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

NASDAQ BKR opened at $32.44 on Tuesday. The company has a quick ratio of 0.84, a current ratio of 1.25 and a debt-to-equity ratio of 0.38. The firm has a market cap of $32.38 billion, a P/E ratio of 18.12, a P/E/G ratio of 0.54 and a beta of 1.43. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $37.58. The business’s 50-day moving average price is $32.69 and its 200 day moving average price is $32.04.

Baker Hughes (NASDAQ:BKRGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The firm had revenue of $6.42 billion during the quarter, compared to the consensus estimate of $6.37 billion. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The firm’s revenue was up 12.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.28 earnings per share. On average, equities research analysts expect that Baker Hughes will post 2.08 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were given a $0.21 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.59%. Baker Hughes’s payout ratio is currently 46.93%.

Insider Activity at Baker Hughes

In related news, SVP James E. Apostolides sold 5,000 shares of the firm’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, EVP Maria C. Borras sold 55,980 shares of Baker Hughes stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the sale, the executive vice president now directly owns 92,035 shares in the company, valued at approximately $2,945,120. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares of the company’s stock, valued at $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on BKR shares. The Goldman Sachs Group raised their price target on Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd. Morgan Stanley raised their price objective on Baker Hughes from $40.00 to $43.00 in a report on Tuesday, April 23rd. Benchmark reaffirmed a “buy” rating and set a $40.00 price objective on shares of Baker Hughes in a report on Wednesday, April 24th. UBS Group raised their price objective on Baker Hughes from $35.00 to $36.00 in a report on Tuesday, April 23rd. Finally, Susquehanna reaffirmed a “positive” rating and set a $40.00 price objective on shares of Baker Hughes in a report on Monday, April 8th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $41.13.

Check Out Our Latest Research Report on BKR

Baker Hughes Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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