Baker Hughes (NASDAQ:BKR) Shares Acquired by Brooklyn Investment Group

Brooklyn Investment Group lifted its stake in Baker Hughes (NASDAQ:BKRFree Report) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,756 shares of the company’s stock after purchasing an additional 490 shares during the period. Brooklyn Investment Group’s holdings in Baker Hughes were worth $244,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new stake in Baker Hughes in the third quarter valued at $30,000. New Covenant Trust Company N.A. acquired a new stake in Baker Hughes in the 1st quarter valued at about $34,000. Alta Advisers Ltd purchased a new position in Baker Hughes during the 2nd quarter valued at about $42,000. Headlands Technologies LLC acquired a new position in Baker Hughes during the second quarter worth about $48,000. Finally, Quarry LP lifted its holdings in shares of Baker Hughes by 81.1% in 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 in the last quarter. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Baker Hughes stock opened at $43.53 on Wednesday. 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 has a 12 month low of $28.32 and a 12 month high of $45.17. The company has a market cap of $43.07 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 0.75 and a beta of 1.38. The stock’s 50-day moving average is $38.91 and its 200-day moving average is $35.81.

Baker Hughes (NASDAQ:BKRGet Free Report) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $7.21 billion. During the same quarter last year, the firm posted $0.42 earnings per share. Baker Hughes’s revenue for the quarter was up 4.0% compared to the same quarter last year. Equities analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.21 per share. The ex-dividend date of this dividend was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a yield of 1.93%. Baker Hughes’s dividend payout ratio (DPR) is 37.67%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. BMO Capital Markets raised their price objective on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Barclays raised their price target on Baker Hughes from $41.00 to $46.00 and gave the stock an “overweight” rating in a research report on Thursday, October 24th. Citigroup upped their price objective on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Morgan Stanley lifted their price objective on Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a research report on Thursday, October 3rd. Finally, Stifel Nicolaus raised their price target on shares of Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus target price of $44.76.

Check Out Our Latest Analysis on BKR

About Baker Hughes

(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.

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

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