Point72 Europe London LLP Has $1.03 Million Holdings in Baker Hughes (NASDAQ:BKR)

Point72 Europe London LLP lowered its stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 89.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 28,600 shares of the company's stock after selling 242,336 shares during the period. Point72 Europe London LLP's holdings in Baker Hughes were worth $1,034,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Baker Hughes in the 3rd quarter valued at $30,000. Alta Advisers Ltd bought a new position in Baker Hughes during the second quarter worth about $42,000. Headlands Technologies LLC acquired a new stake in Baker Hughes during the second quarter valued at approximately $48,000. Quarry LP lifted its position in shares of Baker Hughes by 81.1% during the 2nd quarter. Quarry LP now owns 1,594 shares of the company's stock worth $56,000 after buying an additional 714 shares during the period. Finally, UMB Bank n.a. boosted its stake in Baker Hughes by 18.4% in the 2nd quarter. UMB Bank n.a. now owns 1,873 shares of the company's stock valued at $66,000 after buying an additional 291 shares in the last quarter. Institutional investors own 92.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BKR shares. Benchmark reaffirmed a "buy" rating and set a $42.00 price objective on shares of Baker Hughes in a report on Thursday, October 24th. Susquehanna raised their target price on Baker Hughes from $46.00 to $48.00 and gave the company a "positive" rating in a research note on Thursday, October 24th. Barclays lifted their price target on Baker Hughes from $41.00 to $46.00 and gave the company an "overweight" rating in a report on Thursday, October 24th. UBS Group decreased their price objective on shares of Baker Hughes from $42.00 to $40.00 and set a "neutral" rating on the stock in a report on Wednesday, September 18th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and issued a $43.00 target price on shares of Baker Hughes in a research note on Thursday, October 24th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $44.76.

Baker Hughes Stock Up 0.8 %

BKR stock traded up $0.34 during trading hours on Friday, reaching $43.95. 2,275,652 shares of the stock were exchanged, compared to its average volume of 6,679,018. The firm's 50-day moving average is $39.39 and its 200-day moving average is $36.04. 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 $43.49 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 0.74 and a beta of 1.38. 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 (NASDAQ:BKR - Get Free Report) last released its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share for the quarter, topping 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 firm had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. During the same quarter in the prior year, the firm posted $0.42 EPS. The business's revenue was up 4.0% on a year-over-year basis. On average, equities research analysts expect that Baker Hughes will post 2.29 earnings per share for the current year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were paid a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes's dividend payout ratio is currently 37.67%.

Baker Hughes Company 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.