Stevens Capital Management LP Trims Position in Baker Hughes (NASDAQ:BKR)

Stevens Capital Management LP lessened its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 42.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,622 shares of the company's stock after selling 5,664 shares during the quarter. Stevens Capital Management LP's holdings in Baker Hughes were worth $313,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $291,289,000. Hotchkis & Wiley Capital Management LLC grew its stake in shares of Baker Hughes by 34.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company's stock worth $394,775,000 after acquiring an additional 2,811,940 shares in the last quarter. Congress Asset Management Co. purchased a new stake in shares of Baker Hughes in the fourth quarter valued at about $107,155,000. Yaupon Capital Management LP bought a new position in shares of Baker Hughes during the third quarter valued at about $47,296,000. Finally, Natixis Advisors LLC boosted its holdings in Baker Hughes by 217.5% during the fourth quarter. Natixis Advisors LLC now owns 1,728,450 shares of the company's stock worth $70,901,000 after purchasing an additional 1,184,036 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.25% of the company's stock.

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Baker Hughes Trading Up 1.3 %

BKR stock traded up $0.58 on Tuesday, reaching $45.18. The company's stock had a trading volume of 7,541,276 shares, compared to its average volume of 6,270,701. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a 12-month low of $30.93 and a 12-month high of $49.40. The firm has a market cap of $44.73 billion, a PE ratio of 15.16, a PEG ratio of 2.00 and a beta of 1.30. The business has a fifty day simple moving average of $44.96 and a two-hundred day simple moving average of $41.50.

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

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were paid a dividend of $0.23 per share. 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. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.04%. Baker Hughes's dividend payout ratio (DPR) is currently 30.87%.

Analyst Ratings Changes

Several research firms have commented on BKR. Jefferies Financial Group increased their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Wells Fargo & Company increased their price target on Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. boosted their price objective on Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a research report on Monday, February 3rd. Barclays raised their target price on Baker Hughes from $51.00 to $55.00 and gave the company an "overweight" rating in a research report on Tuesday, February 4th. Finally, Evercore ISI increased their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company an "outperform" rating in a research report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat.com, Baker Hughes presently has an average rating of "Moderate Buy" and an average target price 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.