XTX Topco Ltd Buys Shares of 13,997 Baker Hughes (NASDAQ:BKR)

XTX Topco Ltd acquired a new stake in shares of Baker Hughes (NASDAQ:BKR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 13,997 shares of the company's stock, valued at approximately $574,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC increased its position in shares of Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in Baker Hughes in the fourth quarter worth about $30,000. Larson Financial Group LLC boosted its stake in Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock valued at $30,000 after acquiring an additional 216 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Baker Hughes during the 4th quarter valued at approximately $45,000. Finally, OFI Invest Asset Management purchased a new stake in shares of Baker Hughes during the 4th quarter worth approximately $47,000. Hedge funds and other institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

BKR has been the subject of several recent research reports. Susquehanna decreased their price objective on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a report on Thursday. TD Securities lowered their target price on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating on the stock in a report on Thursday. Benchmark reaffirmed a "buy" rating and set a $57.00 target price on shares of Baker Hughes in a report on Tuesday, February 11th. Evercore ISI reduced their target price on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday. Finally, TD Cowen dropped their price target on Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Trading Up 1.4 %

Shares of BKR traded up $0.51 during mid-day trading on Thursday, hitting $36.40. 7,720,323 shares of the company's stock traded hands, compared to its average volume of 6,930,342. The business's 50-day moving average price is $41.80 and its 200-day moving average price is $42.06. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40. The firm has a market capitalization of $36.04 billion, a P/E ratio of 12.21, a PEG ratio of 2.00 and a beta of 1.08. 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 (NASDAQ:BKR - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The firm had revenue of $6.43 billion during the quarter, compared to analysts' expectations of $6.54 billion. As a group, sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

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

Insider Activity

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.27% of the stock is currently owned by company insiders.

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.