Oliver Luxxe Assets LLC Purchases 712 Shares of Baker Hughes (NASDAQ:BKR)

Oliver Luxxe Assets LLC boosted its position in shares of Baker Hughes (NASDAQ:BKR) by 0.5% in the 1st quarter, HoldingsChannel reports. The firm owned 147,749 shares of the company’s stock after buying an additional 712 shares during the period. Oliver Luxxe Assets LLC’s holdings in Baker Hughes were worth $4,950,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in Baker Hughes by 15.5% during the fourth quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock valued at $85,000 after purchasing an additional 327 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Baker Hughes by 6.6% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock worth $219,000 after acquiring an additional 398 shares in the last quarter. Aspire Private Capital LLC raised its position in shares of Baker Hughes by 9.3% in the fourth quarter. Aspire Private Capital LLC now owns 5,733 shares of the company’s stock valued at $196,000 after purchasing an additional 486 shares during the period. Montag A & Associates Inc. raised its position in shares of Baker Hughes by 100.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock valued at $34,000 after purchasing an additional 500 shares during the period. Finally, Vanguard Personalized Indexing Management LLC raised its position in shares of Baker Hughes by 0.8% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 67,295 shares of the company’s stock valued at $2,300,000 after purchasing an additional 523 shares during the period. 92.06% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BKR shares. Morgan Stanley increased their price objective on shares of Baker Hughes from $40.00 to $43.00 in a research report on Tuesday, April 23rd. UBS Group upped their price target on shares of Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. The Goldman Sachs Group upped their price target on shares of Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd. Jefferies Financial Group upped their price target on shares of Baker Hughes from $45.00 to $46.00 and gave the company a “buy” rating in a research note on Friday. Finally, Susquehanna restated a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a research note on Monday, April 8th. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $41.27.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 55,980 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the completion of the transaction, the executive vice president now owns 92,035 shares in the company, valued at approximately $2,945,120. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, EVP Maria C. Borras sold 55,980 shares of Baker Hughes stock in a transaction on Friday, May 24th. The shares were sold at an average price of $32.00, for a total value of $1,791,360.00. Following the completion of the sale, the executive vice president now owns 92,035 shares of the company’s stock, valued at approximately $2,945,120. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.

Baker Hughes Price Performance

Shares of BKR traded down $0.20 during mid-day trading on Monday, reaching $34.97. The company had a trading volume of 1,549,369 shares, compared to its average volume of 7,852,194. The company’s 50 day simple moving average is $32.61 and its 200 day simple moving average is $32.04. The company has a market capitalization of $34.90 billion, a price-to-earnings ratio of 19.51, a P/E/G ratio of 0.60 and a beta of 1.41. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $37.58. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.03. The business had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.37 billion. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The firm’s quarterly revenue was up 12.3% on a year-over-year basis. During the same quarter last year, the business earned $0.28 EPS. Analysts expect that Baker Hughes will post 2.09 EPS for the current year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, May 6th were issued a $0.21 dividend. The ex-dividend date of this dividend was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a yield of 2.40%. Baker Hughes’s dividend payout ratio (DPR) is presently 46.93%.

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.