Baker Hughes (NASDAQ:BKR) Shares Sold by Hudson Valley Investment Advisors Inc. ADV

Hudson Valley Investment Advisors Inc. ADV cut its holdings in Baker Hughes (NASDAQ:BKR - Free Report) by 9.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,136 shares of the company's stock after selling 13,538 shares during the period. Hudson Valley Investment Advisors Inc. ADV's holdings in Baker Hughes were worth $5,543,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in BKR. Ashton Thomas Securities LLC bought a new stake in Baker Hughes in the 3rd quarter worth approximately $30,000. True Wealth Design LLC increased its stake in Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after acquiring an additional 829 shares during the last quarter. Groupama Asset Managment increased its stake in Baker Hughes by 1,045.1% in the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after acquiring an additional 811,711 shares during the last quarter. Continuum Advisory LLC increased its stake in Baker Hughes by 442.2% in the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company's stock worth $35,000 after acquiring an additional 796 shares during the last quarter. Finally, Alta Advisers Ltd bought a new stake in Baker Hughes in the 2nd quarter worth approximately $42,000. 92.06% of the stock is owned by hedge funds and other institutional investors.

Baker Hughes Stock Down 0.4 %

BKR stock traded down $0.18 during trading on Friday, reaching $43.26. 6,873,027 shares of the company traded hands, compared to its average volume of 5,909,247. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The business has a 50 day simple moving average of $42.28 and a 200 day simple moving average of $37.95. The company has a market capitalization of $42.81 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, beating analysts' consensus estimates of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company had revenue of $6.91 billion for the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter last year, the company earned $0.42 earnings per share. The firm's revenue for the quarter was up 4.0% compared to the same quarter last year. On average, equities research analysts anticipate that Baker Hughes will post 2.29 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The business also recently disclosed 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. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Monday, November 4th. Baker Hughes's payout ratio is currently 37.67%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Stifel Nicolaus lifted their price objective on Baker Hughes from $45.00 to $48.00 and gave the stock a "buy" rating in a research note on Monday, November 25th. Benchmark reissued a "buy" rating and set a $42.00 target price on shares of Baker Hughes in a research report on Thursday, October 24th. Barclays boosted their target price on Baker Hughes from $46.00 to $52.00 and gave the company an "overweight" rating in a research report on Wednesday, December 18th. Royal Bank of Canada boosted their target price on Baker Hughes from $43.00 to $49.00 and gave the company an "outperform" rating in a research report on Thursday, December 12th. Finally, Piper Sandler began coverage on Baker Hughes in a research report on Thursday, December 19th. They set an "overweight" rating and a $53.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $47.18.

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.