Baker Hughes Company $BKR Shares Acquired by Bokf Na

Bokf Na lifted its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 54.4% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 263,877 shares of the company’s stock after acquiring an additional 92,918 shares during the period. Bokf Na’s holdings in Baker Hughes were worth $12,856,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Brandywine Global Investment Management LLC boosted its stake in Baker Hughes by 8.2% in the 2nd quarter. Brandywine Global Investment Management LLC now owns 648,149 shares of the company’s stock worth $24,850,000 after purchasing an additional 49,108 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Baker Hughes during the 3rd quarter valued at approximately $1,920,000. Cibc World Market Inc. raised its holdings in shares of Baker Hughes by 13.6% in the third quarter. Cibc World Market Inc. now owns 829,816 shares of the company’s stock worth $40,429,000 after buying an additional 99,314 shares during the last quarter. Vanguard Group Inc. lifted its stake 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 worth $6,035,924,000 after buying an additional 598,159 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its stake in shares of Baker Hughes by 10,225.3% during the third quarter. Johnson Investment Counsel Inc. now owns 849,566 shares of the company’s stock worth $41,391,000 after buying an additional 841,338 shares during the period. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Trading Down 0.6%

NASDAQ BKR opened at $58.97 on Thursday. The company has a market capitalization of $58.28 billion, a PE ratio of 22.68, a P/E/G ratio of 1.61 and a beta of 0.83. The company has a fifty day moving average of $56.96 and a 200 day moving average of $50.65. Baker Hughes Company has a 1 year low of $33.60 and a 1 year high of $67.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.36 and a quick ratio of 1.00.

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

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th were paid a $0.23 dividend. The ex-dividend date was 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 is presently 35.38%.

Insider Buying and Selling

In related news, CAO Rebecca L. Charlton sold 843 shares of Baker Hughes stock in a transaction that occurred on Tuesday, February 3rd. The stock was sold at an average price of $56.34, for a total transaction of $47,494.62. Following the completion of the transaction, the chief accounting officer directly owned 14,019 shares in the company, valued at approximately $789,830.46. This trade represents a 5.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Lorenzo Simonelli sold 272,593 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $61.13, for a total value of $16,663,610.09. Following the completion of the transaction, the chief executive officer directly owned 672,810 shares of the company’s stock, valued at $41,128,875.30. The trade was a 28.83% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 312,594 shares of company stock valued at $18,986,302 in the last three months. 0.27% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

BKR has been the topic of several research reports. Royal Bank Of Canada reissued an “outperform” rating and issued a $57.00 target price on shares of Baker Hughes in a research report on Thursday, January 15th. Susquehanna lifted their price target on Baker Hughes from $58.00 to $65.00 and gave the stock a “positive” rating in a research report on Tuesday, January 27th. Zephirin Group boosted their price target on Baker Hughes from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Monday, January 26th. UBS Group raised their price objective on Baker Hughes from $54.00 to $61.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th. Finally, Jefferies Financial Group lifted their target price on Baker Hughes from $59.00 to $67.00 and gave the stock a “buy” rating in a report on Saturday, January 31st. Twenty investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $59.61.

Baker Hughes Company Profile

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.