Bokf Na Sells 14,794 Shares of Baker Hughes (NASDAQ:BKR)

Bokf Na lessened its position in Baker Hughes (NASDAQ:BKR) by 3.4% in the 4th quarter, Holdings Channel reports. The firm owned 417,294 shares of the company’s stock after selling 14,794 shares during the period. Bokf Na’s holdings in Baker Hughes were worth $14,263,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in BKR. Blue Trust Inc. grew its position in Baker Hughes by 15.5% in the fourth quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock valued at $85,000 after purchasing an additional 327 shares in the last quarter. Rational Advisors LLC lifted its stake in Baker Hughes by 44.0% in the third quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock valued at $44,000 after acquiring an additional 382 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Baker Hughes by 6.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock valued at $219,000 after acquiring an additional 398 shares during the last quarter. Blair William & Co. IL lifted its stake in Baker Hughes by 2.8% in the third quarter. Blair William & Co. IL now owns 15,086 shares of the company’s stock valued at $533,000 after acquiring an additional 416 shares during the last quarter. Finally, Clearstead Advisors LLC lifted its stake in Baker Hughes by 38.2% in the third quarter. Clearstead Advisors LLC now owns 1,523 shares of the company’s stock valued at $54,000 after acquiring an additional 421 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Analyst Ratings Changes

BKR has been the subject of a number of recent analyst reports. Susquehanna reiterated a “positive” rating and issued a $40.00 price target on shares of Baker Hughes in a research note on Monday, April 8th. Benchmark restated a “buy” rating and set a $40.00 target price on shares of Baker Hughes in a research note on Wednesday, April 24th. Morgan Stanley raised their target price on shares of Baker Hughes from $40.00 to $43.00 in a research note on Tuesday, April 23rd. UBS Group raised their target price on shares of Baker Hughes from $35.00 to $36.00 in a research note on Tuesday, April 23rd. Finally, The Goldman Sachs Group raised their target price on shares of Baker Hughes from $36.00 to $38.00 in a research note on Tuesday, April 23rd. Three analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $41.13.

Baker Hughes Price Performance

Shares of Baker Hughes stock traded down $0.29 during midday trading on Tuesday, hitting $32.15. 844,109 shares of the company traded hands, compared to its average volume of 7,952,407. The stock has a market cap of $32.09 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 0.54 and a beta of 1.43. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.84 and a current ratio of 1.25. The firm’s fifty day moving average price is $32.69 and its 200-day moving average price is $32.04. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $37.58.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Wednesday, April 24th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. The company had revenue of $6.42 billion for the quarter, compared to analyst estimates of $6.37 billion. Baker Hughes had a net margin of 6.95% and a return on equity of 11.42%. The firm’s revenue was up 12.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.28 EPS. As a group, sell-side analysts forecast that Baker Hughes will post 2.08 earnings per share for the current year.

Baker Hughes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, May 16th. Stockholders of record on Monday, May 6th were given a $0.21 dividend. The ex-dividend date was Friday, May 3rd. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.61%. Baker Hughes’s dividend payout ratio (DPR) is currently 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 that occurred on Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now owns 14,998 shares in the company, valued at approximately $508,132.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP James E. Apostolides sold 5,000 shares of the business’s stock in a transaction 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 transaction, the senior vice president now owns 14,998 shares in the company, valued at approximately $508,132.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Maria C. Borras sold 55,980 shares of the business’s stock in a transaction on Friday, May 24th. The shares were sold at an average price of $32.00, for a total transaction of $1,791,360.00. Following the transaction, the executive vice president now owns 92,035 shares in the company, valued at approximately $2,945,120. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.

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.