Baker Hughes Company $BKR Stock Holdings Lessened by Xponance Inc.

Xponance Inc. reduced its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 7.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 145,129 shares of the company’s stock after selling 12,093 shares during the quarter. Xponance Inc.’s holdings in Baker Hughes were worth $7,071,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Activest Wealth Management lifted its position in Baker Hughes by 1,242.5% in the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after buying an additional 497 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Baker Hughes by 104.0% during the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after acquiring an additional 337 shares in the last quarter. LFA Lugano Financial Advisors SA acquired a new position in shares of Baker Hughes in the second quarter worth $36,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Baker Hughes during the second quarter worth $36,000. Finally, Rothschild Investment LLC boosted its position in Baker Hughes by 66.6% during the second quarter. Rothschild Investment LLC now owns 1,241 shares of the company’s stock valued at $48,000 after purchasing an additional 496 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insiders Place Their Bets

In related news, insider Maria Georgia Magno sold 19,150 shares of the business’s stock in a transaction dated Monday, February 9th. The stock was sold at an average price of $59.11, for a total transaction of $1,131,956.50. Following the completion of the transaction, the insider owned 14,588 shares of the company’s stock, valued at approximately $862,296.68. The trade was a 56.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William G. Beattie sold 18,023 shares of the stock in a transaction that occurred on Tuesday, February 3rd. The shares were sold at an average price of $57.29, for a total value of $1,032,537.67. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 40,001 shares of company stock valued at $2,322,692 in the last quarter. Insiders own 0.27% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Evercore reaffirmed an “outperform” rating and issued a $68.00 target price on shares of Baker Hughes in a research report on Wednesday, February 11th. Argus increased their price objective on Baker Hughes from $55.00 to $67.00 in a report on Tuesday, January 27th. Susquehanna raised their price objective on shares of Baker Hughes from $58.00 to $65.00 and gave the company a “positive” rating in a research report on Tuesday, January 27th. BMO Capital Markets boosted their target price on shares of Baker Hughes from $55.00 to $65.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 27th. Finally, Citigroup increased their price target on shares of Baker Hughes from $61.00 to $64.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Twenty research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $59.39.

Baker Hughes Stock Up 0.6%

BKR opened at $65.26 on Friday. The firm has a market cap of $64.49 billion, a P/E ratio of 25.10, a price-to-earnings-growth ratio of 1.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.00 and a current ratio of 1.36. The business has a 50 day moving average price of $54.51 and a 200 day moving average price of $49.66. Baker Hughes Company has a twelve month low of $33.60 and a twelve month high of $65.78.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Monday, January 26th. The company reported $0.78 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.11. Baker Hughes had a net margin of 9.33% and a return on equity of 14.26%. The company had revenue of $7.39 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The company’s quarterly revenue was up .3% compared to the same quarter last year. Research analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, February 17th. Baker Hughes’s dividend payout ratio (DPR) is 35.38%.

About Baker Hughes

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.