Baker Hughes (NASDAQ:BKR) Shares Bought by Czech National Bank

Czech National Bank grew its position in Baker Hughes (NASDAQ:BKR) by 6.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,549 shares of the company’s stock after buying an additional 12,178 shares during the quarter. Czech National Bank’s holdings in Baker Hughes were worth $8,801,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BKR. Ashton Thomas Securities LLC purchased a new position in Baker Hughes in the third quarter valued at $30,000. True Wealth Design LLC raised its position in Baker Hughes by 2,181.6% in the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after purchasing an additional 829 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of Baker Hughes by 442.2% in the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after buying an additional 796 shares during the period. Headlands Technologies LLC acquired a new position in shares of Baker Hughes during the second quarter worth about $48,000. Finally, Quarry LP increased its stake in shares of Baker Hughes by 81.1% during the second quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after buying an additional 714 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Analyst Ratings Changes

BKR has been the subject of a number of recent research reports. Royal Bank of Canada lifted their price target 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. UBS Group cut their price target on Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. TD Cowen lowered their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research report on Wednesday, January 8th. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Baker Hughes in a research report on Thursday, October 24th. Finally, Jefferies Financial Group increased their price objective on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average price target of $47.18.

Baker Hughes Stock Up 0.5 %

BKR stock opened at $45.07 on Wednesday. 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 simple moving average is $42.54 and its 200 day simple moving average is $38.14. The stock has a market cap of $44.60 billion, a PE ratio of 20.21, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $45.30.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 EPS. As a group, sell-side analysts predict that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, November 4th were given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes’s payout ratio is presently 37.67%.

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.