Baker Hughes Company $BKR Shares Sold by CW Advisors LLC

CW Advisors LLC lessened its position in shares of Baker Hughes Company (NASDAQ:BKR) by 94.2% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,499 shares of the company’s stock after selling 333,028 shares during the quarter. CW Advisors LLC’s holdings in Baker Hughes were worth $786,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Harbour Investments Inc. lifted its holdings in shares of Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after purchasing an additional 326 shares during the period. LFA Lugano Financial Advisors SA purchased a new position in Baker Hughes during the 2nd quarter worth approximately $36,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Baker Hughes during the 2nd quarter valued at approximately $36,000. LRI Investments LLC lifted its stake in Baker Hughes by 59.3% during the 2nd quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock valued at $40,000 after acquiring an additional 384 shares during the period. Finally, Hilltop National Bank purchased a new stake in shares of Baker Hughes in the 2nd quarter valued at $43,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Monday, October 27th. UBS Group boosted their price objective on Baker Hughes from $46.00 to $48.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Melius began coverage on Baker Hughes in a research note on Wednesday, August 20th. They issued a “buy” rating and a $60.00 target price on the stock. Zephirin Group lifted their price target on Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Finally, BMO Capital Markets upped their price objective on Baker Hughes from $53.00 to $55.00 in a research report on Tuesday, November 11th. Twenty-three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $53.42.

Baker Hughes Price Performance

Baker Hughes stock opened at $47.39 on Tuesday. The stock has a market capitalization of $46.76 billion, a P/E ratio of 16.34, a P/E/G ratio of 1.79 and a beta of 0.90. The company’s fifty day moving average price is $47.97 and its 200 day moving average price is $44.26. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $51.12.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%. The business had revenue of $5.09 billion for the quarter. As a group, equities research analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.9%. The ex-dividend date was Tuesday, November 4th. Baker Hughes’s payout ratio is 31.72%.

Insider Activity at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 1,000 shares of the stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the completion of the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at approximately $588,600. This represents a 7.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive vice president owned 40,520 shares in the company, valued at $2,026,000. The trade was a 38.16% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.27% of the stock is currently owned by insiders.

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.