Baker Hughes (NASDAQ:BKR) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its position in Baker Hughes (NASDAQ:BKR) by 3.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 129,312 shares of the company’s stock after selling 4,619 shares during the quarter. Yousif Capital Management LLC’s holdings in Baker Hughes were worth $5,304,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of BKR. Paragon Capital Management Inc. lifted its holdings in Baker Hughes by 29.2% in the 4th quarter. Paragon Capital Management Inc. now owns 28,475 shares of the company’s stock valued at $1,168,000 after acquiring an additional 6,444 shares during the last quarter. Ninety One UK Ltd lifted its stake in Baker Hughes by 11.9% during the fourth quarter. Ninety One UK Ltd now owns 481,446 shares of the company’s stock valued at $19,749,000 after purchasing an additional 51,212 shares during the last quarter. Mather Group LLC. boosted its holdings in Baker Hughes by 47.7% during the fourth quarter. Mather Group LLC. now owns 12,538 shares of the company’s stock worth $514,000 after buying an additional 4,051 shares in the last quarter. Resonant Capital Advisors LLC acquired a new position in Baker Hughes in the fourth quarter worth approximately $226,000. Finally, JB Capital LLC increased its holdings in shares of Baker Hughes by 4.9% in the fourth quarter. JB Capital LLC now owns 80,602 shares of the company’s stock valued at $3,306,000 after buying an additional 3,757 shares in the last quarter. Institutional investors own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on BKR. Evercore ISI lifted their target price on Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a report on Wednesday, January 15th. JPMorgan Chase & Co. lifted their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday. TD Cowen reduced their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a research report on Friday, October 25th. Finally, The Goldman Sachs Group upped their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $50.18.

Baker Hughes Trading Down 3.8 %

NASDAQ:BKR opened at $46.98 on Friday. The company has a market capitalization of $46.49 billion, a P/E ratio of 15.77, a P/E/G ratio of 0.89 and a beta of 1.39. The stock’s 50 day moving average price is $43.30 and its 200 day moving average price is $39.35. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a 52 week low of $28.63 and a 52 week high of $49.40.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. On average, research analysts forecast that Baker Hughes will post 2.55 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be issued a dividend of $0.23 per share. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.96%. Baker Hughes’s dividend payout ratio is currently 28.19%.

Insider Activity at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was 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 document filed with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

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.