Graphene Investments SAS Sells 17,800 Shares of Baker Hughes (NASDAQ:BKR)

Graphene Investments SAS reduced its position in shares of Baker Hughes (NASDAQ:BKR) by 19.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 73,700 shares of the company’s stock after selling 17,800 shares during the quarter. Baker Hughes makes up about 2.1% of Graphene Investments SAS’s portfolio, making the stock its 18th largest position. Graphene Investments SAS’s holdings in Baker Hughes were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in BKR. Ashton Thomas Securities LLC acquired a new position in Baker Hughes during the 3rd quarter worth approximately $30,000. True Wealth Design LLC boosted its holdings in shares of Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after buying an additional 829 shares during the period. Groupama Asset Managment increased its stake in shares of Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock worth $32,000 after purchasing an additional 811,711 shares during the period. Continuum Advisory LLC boosted its position in shares of Baker Hughes by 442.2% in the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock valued at $35,000 after acquiring an additional 796 shares during the period. Finally, Eastern Bank boosted its stake in shares of Baker Hughes by 598.4% in the fourth quarter. Eastern Bank now owns 1,739 shares of the company’s stock valued at $71,000 after buying an additional 1,490 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

Baker Hughes Trading Down 3.8 %

Shares of Baker Hughes stock opened at $46.98 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The company has a fifty day moving average of $43.30 and a 200 day moving average of $39.35. 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. Baker Hughes has a fifty-two week low of $28.63 and a fifty-two week high of $49.40.

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

Baker Hughes Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Benchmark reiterated a “buy” rating and issued a $42.00 target price on shares of Baker Hughes in a research report on Thursday, October 24th. Wells Fargo & Company boosted their target price on Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday. JPMorgan Chase & Co. lifted their price target on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research note on Monday. Citigroup raised their price target on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, TD Cowen dropped their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $50.18.

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.