Baker Hughes Company (NASDAQ:BKR - Get Free Report) Director William Beattie sold 18,023 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total value of $1,032,537.67. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Baker Hughes Trading Down 3.1%
NASDAQ BKR opened at $57.36 on Friday. The stock has a market cap of $56.60 billion, a PE ratio of 22.06, a PEG ratio of 1.59 and a beta of 0.89. Baker Hughes Company has a 12 month low of $33.60 and a 12 month high of $59.54. The company's 50-day moving average price is $49.94 and its 200-day moving average price is $47.60. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.
Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its earnings results on Monday, January 26th. The company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. The business had revenue of $7.39 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period last year, the company posted $0.70 earnings per share. The company's quarterly revenue was up .3% compared to the same quarter last year. Equities research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current year.
Baker Hughes Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a dividend of $0.23 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.6%. Baker Hughes's dividend payout ratio (DPR) is currently 35.38%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Baker Hughes by 0.5% during the third quarter. Vanguard Group Inc. now owns 123,890,075 shares of the company's stock valued at $6,035,924,000 after buying an additional 598,159 shares during the last quarter. Capital World Investors grew its stake in Baker Hughes by 7.1% during the 3rd quarter. Capital World Investors now owns 47,546,388 shares of the company's stock valued at $2,316,462,000 after purchasing an additional 3,153,709 shares during the last quarter. Capital Research Global Investors grew its stake in Baker Hughes by 7.1% during the 3rd quarter. Capital Research Global Investors now owns 25,903,241 shares of the company's stock valued at $1,262,033,000 after purchasing an additional 1,728,016 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Baker Hughes by 1.6% in the second quarter. Geode Capital Management LLC now owns 25,875,670 shares of the company's stock worth $987,961,000 after purchasing an additional 397,984 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Baker Hughes during the second quarter worth about $862,722,000. Hedge funds and other institutional investors own 92.06% of the company's stock.
Wall Street Analyst Weigh In
BKR has been the topic of a number of analyst reports. Citigroup lifted their price target on Baker Hughes from $61.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, January 27th. UBS Group raised their price objective on Baker Hughes from $54.00 to $61.00 and gave the company a "neutral" rating in a research report on Wednesday, January 28th. Jefferies Financial Group boosted their target price on shares of Baker Hughes from $59.00 to $67.00 and gave the stock a "buy" rating in a report on Saturday, January 31st. TD Cowen raised their price target on shares of Baker Hughes from $55.00 to $64.00 and gave the company a "buy" rating in a report on Tuesday, January 27th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Baker Hughes in a research note on Monday, December 29th. Twenty analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Baker Hughes currently has a consensus rating of "Moderate Buy" and an average price target of $58.30.
Get Our Latest Stock Analysis on Baker Hughes
Baker Hughes Company Profile
(
Get Free Report)
Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.
The firm's roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE's oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.
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