Baker Hughes (NASDAQ:BKR) EVP Sells $358,160.00 in Stock

Baker Hughes (NASDAQ:BKR) EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction 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 sale, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Baker Hughes Stock Performance

BKR opened at $44.60 on Friday. The company has a market cap of $44.13 billion, a P/E ratio of 20.00, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm’s 50-day moving average price is $43.00 and its 200-day moving average price is $38.96. Baker Hughes has a 52-week low of $28.32 and a 52-week high of $47.47.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. As a group, equities analysts anticipate that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.06%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is currently 37.67%.

Institutional Trading of Baker Hughes

Several large investors have recently added to or reduced their stakes in BKR. AXA S.A. boosted its position in Baker Hughes by 7.5% in the second quarter. AXA S.A. now owns 106,245 shares of the company’s stock valued at $3,737,000 after buying an additional 7,394 shares during the last quarter. APG Asset Management N.V. boosted its holdings in shares of Baker Hughes by 121.4% in the 2nd quarter. APG Asset Management N.V. now owns 250,172 shares of the company’s stock valued at $8,210,000 after acquiring an additional 137,175 shares during the last quarter. Dark Forest Capital Management LP acquired a new stake in shares of Baker Hughes in the second quarter worth $257,000. The Manufacturers Life Insurance Company raised its holdings in shares of Baker Hughes by 13.4% during the second quarter. The Manufacturers Life Insurance Company now owns 868,796 shares of the company’s stock worth $30,556,000 after purchasing an additional 102,352 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Baker Hughes by 49.9% during the second quarter. Mackenzie Financial Corp now owns 321,831 shares of the company’s stock valued at $11,319,000 after purchasing an additional 107,163 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on BKR. TD Cowen cut their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. BMO Capital Markets raised their target price on shares of Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group upped their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley increased their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research note on Thursday, October 3rd. Finally, Royal Bank of Canada boosted their price objective on shares of Baker Hughes from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Two investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $48.06.

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.