Baker Hughes (NASDAQ:BKR) Shares Acquired by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI increased its holdings in Baker Hughes (NASDAQ:BKR) by 19.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,117 shares of the company’s stock after acquiring an additional 1,620 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Baker Hughes were worth $366,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in shares of Baker Hughes in the first quarter valued at approximately $27,000. New Covenant Trust Company N.A. acquired a new position in Baker Hughes in the 1st quarter valued at $34,000. Alta Advisers Ltd purchased a new position in Baker Hughes during the 2nd quarter worth $42,000. Headlands Technologies LLC acquired a new stake in shares of Baker Hughes in the 2nd quarter worth $48,000. Finally, Quarry LP boosted its holdings in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after acquiring an additional 714 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Lorenzo Simonelli sold 114,286 shares of the stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $35.00, for a total value of $4,000,010.00. Following the transaction, the chief executive officer now directly owns 502,053 shares of the company’s stock, valued at approximately $17,571,855. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.25% of the stock is currently owned by insiders.

Baker Hughes Trading Down 0.6 %

Shares of Baker Hughes stock opened at $36.78 on Friday. Baker Hughes has a fifty-two week low of $28.32 and a fifty-two week high of $39.05. The business’s fifty day moving average is $35.61 and its two-hundred day moving average is $34.35. The company has a quick ratio of 0.86, a current ratio of 1.27 and a debt-to-equity ratio of 0.37. The firm has a market cap of $36.71 billion, a PE ratio of 20.55, a P/E/G ratio of 0.61 and a beta of 1.38.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a return on equity of 12.45% and a net margin of 7.37%. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $7.21 billion. During the same period last year, the company earned $0.42 EPS. The firm’s quarterly revenue was up 4.0% on a year-over-year basis. Analysts anticipate that Baker Hughes will post 2.25 earnings per share for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, November 4th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Monday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is 46.93%.

Analysts Set New Price Targets

BKR has been the subject of several analyst reports. Susquehanna increased their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a report on Thursday. Benchmark reissued a “buy” rating and set a $42.00 target price on shares of Baker Hughes in a research note on Thursday. Bank of America decreased their price target on Baker Hughes from $40.00 to $38.00 and set a “buy” rating on the stock in a research note on Monday, July 15th. Wells Fargo & Company raised Baker Hughes from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $40.00 to $42.00 in a report on Wednesday, September 25th. Finally, UBS Group lowered their price target on shares of Baker Hughes from $42.00 to $40.00 and set a “neutral” rating on the stock in a research note on Wednesday, September 18th. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.12.

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.