Ossiam Has $138,000 Position in Baker Hughes (NASDAQ:BKR)

Ossiam cut its holdings in Baker Hughes (NASDAQ:BKR) by 74.8% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 3,365 shares of the company’s stock after selling 9,968 shares during the quarter. Ossiam’s holdings in Baker Hughes were worth $138,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Dynasty Wealth Management LLC grew its holdings in Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock worth $324,000 after acquiring an additional 207 shares during the last quarter. Larson Financial Group LLC lifted its position in shares of Baker Hughes by 41.2% during the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares in the last quarter. Alpine Woods Capital Investors LLC grew its stake in shares of Baker Hughes by 0.7% during the fourth quarter. Alpine Woods Capital Investors LLC now owns 40,467 shares of the company’s stock valued at $1,660,000 after purchasing an additional 267 shares during the last quarter. Cromwell Holdings LLC increased its holdings in shares of Baker Hughes by 9.3% in the fourth quarter. Cromwell Holdings LLC now owns 3,169 shares of the company’s stock valued at $130,000 after purchasing an additional 269 shares in the last quarter. Finally, 180 Wealth Advisors LLC raised its position in Baker Hughes by 1.3% in the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after purchasing an additional 295 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Performance

BKR opened at $35.94 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The company has a market capitalization of $35.59 billion, a price-to-earnings ratio of 12.06, a P/E/G ratio of 2.00 and a beta of 1.08. The business’s 50-day moving average price is $41.80 and its two-hundred day moving average price is $42.06. Baker Hughes has a 1 year low of $30.93 and a 1 year high of $49.40.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion for the quarter, compared to the consensus estimate of $6.54 billion. Equities analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.56%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes’s dividend payout ratio (DPR) is presently 31.40%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Piper Sandler lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Susquehanna cut their target price on shares of Baker Hughes from $55.00 to $48.00 and set a “positive” rating on the stock in a research report on Monday, April 14th. Citigroup reduced their target price on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Evercore ISI boosted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Finally, TD Cowen reduced their price objective 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 equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and an average price target of $50.65.

Insider Transactions at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’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 transaction, the executive vice president now directly owns 173,302 shares in the company, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is owned by company insiders.

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.