Baker Hughes (NASDAQ:BKR) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of Baker Hughes (NASDAQ:BKRFree Report) by 5.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,065,416 shares of the company’s stock after selling 467,009 shares during the period. Deutsche Bank AG owned approximately 0.80% of Baker Hughes worth $284,870,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Rational Advisors LLC bought a new stake in Baker Hughes during the second quarter worth approximately $27,000. Jefferies Financial Group Inc. bought a new position in Baker Hughes in the 4th quarter worth $27,000. Hall Laurie J Trustee bought a new position in shares of Baker Hughes during the 3rd quarter worth about $28,000. OFI Invest Asset Management bought a new position in shares of Baker Hughes during the 3rd quarter worth about $36,000. Finally, Quarry LP increased its holdings in shares of Baker Hughes by 41.3% during the 2nd quarter. Quarry LP now owns 1,132 shares of the company’s stock worth $36,000 after purchasing an additional 331 shares during the period. 92.22% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wolfe Research lowered shares of Baker Hughes from an “outperform” rating to a “peer perform” rating in a research report on Monday, January 29th. Citigroup lowered their target price on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating for the company in a research note on Friday, January 26th. Barclays reduced their price target on shares of Baker Hughes from $43.00 to $42.00 and set an “overweight” rating for the company in a report on Friday, January 26th. TD Cowen raised their target price on shares of Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $39.00 target price on shares of Baker Hughes in a research report on Thursday, February 1st. Three research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average price target of $40.44.

View Our Latest Research Report on BKR

Baker Hughes Trading Down 0.7 %

Shares of Baker Hughes stock opened at $28.85 on Monday. The firm has a market capitalization of $29.03 billion, a PE ratio of 15.21 and a beta of 1.43. The company has a current ratio of 1.25, a quick ratio of 0.86 and a debt-to-equity ratio of 0.38. The firm’s 50 day moving average is $31.89 and its 200 day moving average is $34.00. Baker Hughes has a 1 year low of $26.12 and a 1 year high of $37.58.

Baker Hughes (NASDAQ:BKRGet Free Report) last posted its earnings results on Wednesday, January 24th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.04. The firm had revenue of $6.84 billion for the quarter, compared to analyst estimates of $6.93 billion. Baker Hughes had a net margin of 7.62% and a return on equity of 10.63%. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. Equities research analysts forecast that Baker Hughes will post 2.12 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Tuesday, February 13th will be issued a dividend of $0.21 per share. This is an increase from Baker Hughes’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, February 12th. This represents a $0.84 annualized dividend and a yield of 2.91%. Baker Hughes’s dividend payout ratio is presently 43.98%.

Baker Hughes Company Profile

(Free Report)

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. It operates through two segments: Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET). 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.

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Institutional Ownership by Quarter for Baker Hughes (NASDAQ:BKR)

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