Dimensional Fund Advisors LP Has $473.88 Million Stock Position in Baker Hughes (NASDAQ:BKR)

Dimensional Fund Advisors LP raised its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 8.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,552,478 shares of the company's stock after purchasing an additional 874,297 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.17% of Baker Hughes worth $473,880,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Morse Asset Management Inc acquired a new stake in shares of Baker Hughes in the third quarter valued at approximately $1,263,000. MML Investors Services LLC increased its stake in shares of Baker Hughes by 14.6% in the 3rd quarter. MML Investors Services LLC now owns 17,340 shares of the company's stock valued at $627,000 after buying an additional 2,214 shares during the period. Wilmington Savings Fund Society FSB bought a new stake in shares of Baker Hughes during the third quarter worth $139,000. Birmingham Capital Management Co. Inc. AL lifted its stake in shares of Baker Hughes by 18.5% during the third quarter. Birmingham Capital Management Co. Inc. AL now owns 16,000 shares of the company's stock valued at $578,000 after acquiring an additional 2,500 shares during the period. Finally, Principal Financial Group Inc. boosted its holdings in Baker Hughes by 4.2% in the third quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company's stock valued at $42,580,000 after acquiring an additional 47,727 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company's stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Baker Hughes Stock Up 1.4 %

Shares of BKR traded up $0.49 during midday trading on Thursday, hitting $36.38. The stock had a trading volume of 9,677,305 shares, compared to its average volume of 6,930,342. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The firm has a market cap of $36.02 billion, a price-to-earnings ratio of 12.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. The company has a 50 day simple moving average of $41.80 and a two-hundred day simple moving average of $42.06. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The firm had revenue of $6.43 billion for the quarter, compared to analysts' expectations of $6.54 billion. On average, analysts anticipate that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.53%. The ex-dividend date is Tuesday, May 6th. Baker Hughes's payout ratio is 31.40%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on BKR shares. Jefferies Financial Group boosted their price objective on Baker Hughes from $48.00 to $50.00 and gave the stock a "buy" rating in a report on Friday, January 3rd. Stifel Nicolaus set a $50.00 price target on shares of Baker Hughes and gave the stock a "buy" rating in a research note on Thursday. TD Securities reduced their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a research note on Thursday. Barclays dropped their target price on shares of Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday. Finally, Wells Fargo & Company lifted their price objective on Baker Hughes from $49.00 to $54.00 and gave the stock an "overweight" rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $49.11.

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.