Baker Hughes (NASDAQ:BKR) Stock Position Lifted by National Pension Service

National Pension Service boosted its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 6.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,362,973 shares of the company's stock after purchasing an additional 81,625 shares during the quarter. National Pension Service owned about 0.14% of Baker Hughes worth $49,271,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in Baker Hughes in the 1st quarter worth $34,000. Alta Advisers Ltd purchased a new position in shares of Baker Hughes during the second quarter worth $42,000. Headlands Technologies LLC purchased a new stake in Baker Hughes in the second quarter valued at $48,000. Quarry LP raised its position 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 acquiring an additional 714 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in Baker Hughes by 18.4% in the 2nd quarter. UMB Bank n.a. now owns 1,873 shares of the company's stock worth $66,000 after purchasing an additional 291 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Baker Hughes news, CEO Lorenzo Simonelli sold 114,286 shares of the company's stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $35.00, for a total value of $4,000,010.00. Following the sale, the chief executive officer now owns 502,053 shares of the company's stock, valued at approximately $17,571,855. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company's stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded up $4.31 during midday trading on Wednesday, reaching $42.89. 8,934,665 shares of the company were exchanged, compared to its average volume of 7,219,831. The stock has a market cap of $42.44 billion, a P/E ratio of 17.30, a PEG ratio of 0.64 and a beta of 1.38. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $36.10 and a 200 day simple moving average of $34.64. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $43.10.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share 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 business had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the previous year, the firm earned $0.42 earnings per share. The business's quarterly revenue was up 4.0% compared to the same quarter last year. On average, research analysts forecast that Baker Hughes will post 2.28 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, November 4th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.96%. The ex-dividend date is Monday, November 4th. Baker Hughes's dividend payout ratio (DPR) is currently 37.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on BKR shares. Jefferies Financial Group upped their price target on Baker Hughes from $46.00 to $48.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Stifel Nicolaus lifted their price objective on Baker Hughes from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Monday, July 29th. Wells Fargo & Company upgraded Baker Hughes from an "equal weight" rating to an "overweight" rating and boosted their price target for the stock from $40.00 to $42.00 in a research report on Wednesday, September 25th. Bank of America lowered their target price on shares of Baker Hughes from $40.00 to $38.00 and set a "buy" rating on the stock in a research note on Monday, July 15th. Finally, TD Cowen raised their price target on shares of Baker Hughes from $46.00 to $50.00 and gave the stock a "buy" rating in a research note on Monday, July 29th. Two equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.12.

Baker Hughes 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.