James E. Apostolides Sells 5,000 Shares of Baker Hughes (NASDAQ:BKR) Stock

Baker Hughes (NASDAQ:BKR) SVP James E. Apostolides sold 5,000 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is available through this link.

Baker Hughes Stock Down 0.1 %

Shares of NASDAQ:BKR opened at $34.15 on Thursday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.86 and a current ratio of 1.25. The company has a market cap of $34.18 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.71 and a beta of 1.42. Baker Hughes has a 52 week low of $26.81 and a 52 week high of $37.58. The firm has a 50 day simple moving average of $31.18 and a 200 day simple moving average of $32.71.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The company had revenue of $6.84 billion during the quarter, compared to the consensus estimate of $6.93 billion. During the same quarter in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 15.7% compared to the same quarter last year. As a group, research analysts expect that Baker Hughes will post 2.07 earnings per share for the current year.

Baker Hughes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th were given a $0.21 dividend. This is an increase from Baker Hughes’s previous quarterly dividend of $0.20. The ex-dividend date was Monday, February 12th. This represents a $0.84 dividend on an annualized basis and a yield of 2.46%. Baker Hughes’s dividend payout ratio is presently 43.98%.

Institutional Investors Weigh In On Baker Hughes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKR. Jefferies Financial Group Inc. acquired a new position in shares of Baker Hughes during the 4th quarter worth $27,000. Hall Laurie J Trustee acquired a new position in shares of Baker Hughes during the 3rd quarter worth $28,000. Bruce G. Allen Investments LLC acquired a new position in shares of Baker Hughes during the 4th quarter worth $33,000. Montag A & Associates Inc. increased its stake in shares of Baker Hughes by 100.0% during the 4th quarter. Montag A & Associates Inc. now owns 1,000 shares of the company’s stock worth $34,000 after purchasing an additional 500 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Baker Hughes during the 3rd quarter worth $36,000. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BKR. TD Cowen increased their price objective on shares of Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a report on Thursday, January 25th. Barclays decreased their price objective on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, January 26th. Wolfe Research cut shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a report on Monday, January 29th. Citigroup decreased their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a report on Friday, January 26th. Finally, Susquehanna reissued a “positive” rating and set a $40.00 target price on shares of Baker Hughes in a research note on Monday. Three investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.87.

About Baker Hughes

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.