Yousif Capital Management LLC Sells 6,354 Shares of Baker Hughes (NASDAQ:BKR)

Yousif Capital Management LLC cut its stake in Baker Hughes (NASDAQ:BKR) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 142,702 shares of the company’s stock after selling 6,354 shares during the quarter. Yousif Capital Management LLC’s holdings in Baker Hughes were worth $4,878,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Bruce G. Allen Investments LLC bought a new stake in shares of Baker Hughes during the fourth quarter worth $33,000. OFI Invest Asset Management bought a new stake in shares of Baker Hughes during the third quarter worth $36,000. Rational Advisors LLC lifted its position in shares of Baker Hughes by 44.0% during the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after purchasing an additional 382 shares during the last quarter. Clearstead Advisors LLC lifted its position in shares of Baker Hughes by 38.2% during the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock worth $54,000 after purchasing an additional 421 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new stake in shares of Baker Hughes during the third quarter worth $76,000. 92.06% of the stock is currently owned by institutional investors.

Baker Hughes Price Performance

BKR opened at $32.84 on Friday. Baker Hughes has a 1 year low of $26.81 and a 1 year high of $37.58. The firm has a market capitalization of $32.87 billion, a PE ratio of 18.35, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.25 and a quick ratio of 0.86. The business’s 50-day moving average is $32.05 and its two-hundred day moving average is $32.54.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.03. Baker Hughes had a return on equity of 11.42% and a net margin of 6.95%. The business had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The company’s revenue was up 12.3% on a year-over-year basis. Research analysts anticipate that Baker Hughes will post 2.07 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, May 6th will be paid a dividend of $0.21 per share. The ex-dividend date is Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.56%. Baker Hughes’s payout ratio is 46.93%.

Insider Transactions at Baker Hughes

In other news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the sale, the senior vice president now owns 14,998 shares in the company, valued at $508,132.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the sale, the senior vice president now owns 14,998 shares of the company’s stock, valued at $508,132.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total value of $294,400.00. Following the sale, the senior vice president now directly owns 14,451 shares of the company’s stock, valued at approximately $425,437.44. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.

Wall Street Analysts Forecast Growth

BKR has been the subject of several research analyst reports. Royal Bank of Canada reiterated an “outperform” rating and set a $39.00 target price on shares of Baker Hughes in a research report on Thursday, February 1st. TD Cowen raised their price target on Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Benchmark restated a “buy” rating and set a $40.00 price target on shares of Baker Hughes in a research note on Wednesday. Barclays cut their price target on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. Finally, Morgan Stanley raised their price target on Baker Hughes from $40.00 to $43.00 in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $40.94.

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.