Cibc World Markets Corp Has $7.31 Million Holdings in Baker Hughes (NASDAQ:BKR)

Cibc World Markets Corp lifted its stake in Baker Hughes (NASDAQ:BKR - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 178,242 shares of the company's stock after acquiring an additional 21,415 shares during the period. Cibc World Markets Corp's holdings in Baker Hughes were worth $7,311,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in Baker Hughes in the 4th quarter valued at about $291,289,000. Hotchkis & Wiley Capital Management LLC lifted its stake in Baker Hughes by 34.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock valued at $394,775,000 after purchasing an additional 2,811,940 shares during the last quarter. Congress Asset Management Co. acquired a new stake in Baker Hughes during the fourth quarter valued at approximately $107,155,000. Yaupon Capital Management LP acquired a new stake in Baker Hughes during the third quarter valued at approximately $47,296,000. Finally, Natixis Advisors LLC lifted its position in shares of Baker Hughes by 217.5% during the 4th quarter. Natixis Advisors LLC now owns 1,728,450 shares of the company's stock valued at $70,901,000 after acquiring an additional 1,184,036 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction on Monday, January 27th. The shares were 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 owns 173,302 shares of the company's stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.25% of the stock is owned by company insiders.

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Baker Hughes Stock Down 1.3 %

BKR stock traded down $0.58 during trading hours on Friday, hitting $44.11. The company's stock had a trading volume of 20,138,327 shares, compared to its average volume of 6,281,327. The company has a market capitalization of $43.67 billion, a PE ratio of 14.80, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. The stock has a 50 day moving average price of $44.97 and a two-hundred day moving average price of $41.32. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, equities research analysts expect that Baker Hughes will post 2.59 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.09%. This is an increase from Baker Hughes's previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes's dividend payout ratio (DPR) is presently 30.87%.

Analyst Upgrades and Downgrades

BKR has been the subject of a number of recent research reports. Susquehanna increased their price objective on Baker Hughes from $53.00 to $55.00 and gave the company a "positive" rating in a research report on Monday, February 3rd. Atb Cap Markets downgraded Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Barclays upped their price objective on shares of Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a research note on Tuesday, February 4th. Bank of America upped their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Finally, TD Cowen reduced their price target on shares of Baker Hughes from $53.00 to $51.00 and set a "buy" rating for the company in a research report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $51.06.

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.