Rosenberg Matthew Hamilton Raises Position in Baker Hughes (NASDAQ:BKR)

Rosenberg Matthew Hamilton lifted its stake in shares of Baker Hughes (NASDAQ:BKR) by 13.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 7,141 shares of the company’s stock after buying an additional 845 shares during the period. Rosenberg Matthew Hamilton’s holdings in Baker Hughes were worth $293,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of BKR. Ashton Thomas Securities LLC bought a new position in Baker Hughes during the 3rd quarter valued at $30,000. True Wealth Design LLC raised its holdings in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after purchasing an additional 829 shares during the last quarter. Groupama Asset Managment lifted its position 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 valued at $32,000 after purchasing an additional 811,711 shares in the last quarter. Continuum Advisory LLC boosted its holdings in Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in Baker Hughes in the 2nd quarter worth about $48,000. Institutional investors own 92.06% of the company’s stock.

Analysts Set New Price Targets

BKR has been the topic of several recent analyst reports. Bank of America lifted their target price on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Piper Sandler assumed coverage on Baker Hughes in a research note on Thursday, December 19th. They issued an “overweight” rating and a $53.00 price objective for the company. Royal Bank of Canada raised their target price on Baker Hughes from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Finally, Atb Cap Markets downgraded shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. Three analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $47.18.

Baker Hughes Stock Up 3.6 %

BKR opened at $44.83 on Tuesday. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The company has a market cap of $44.36 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 0.72 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $42.41 and a 200 day moving average of $38.07.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The firm had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period last year, the company earned $0.42 earnings per share. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. On average, sell-side analysts expect that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, November 4th were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend was Monday, November 4th. Baker Hughes’s payout ratio is presently 37.67%.

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.