Raiffeisen Bank International AG Buys Shares of 197,431 Baker Hughes (NASDAQ:BKR)

Raiffeisen Bank International AG purchased a new stake in shares of Baker Hughes (NASDAQ:BKR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 197,431 shares of the company’s stock, valued at approximately $8,082,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Financial Concepts LLC acquired a new stake in shares of Baker Hughes during the 4th quarter valued at about $640,000. Geode Capital Management LLC grew its position in Baker Hughes by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 24,543,925 shares of the company’s stock worth $1,004,212,000 after buying an additional 465,832 shares in the last quarter. Artemis Investment Management LLP lifted its position in Baker Hughes by 29.4% in the fourth quarter. Artemis Investment Management LLP now owns 1,053,947 shares of the company’s stock worth $43,233,000 after purchasing an additional 239,773 shares during the period. USA Financial Formulas bought a new position in Baker Hughes in the fourth quarter worth $1,283,000. Finally, Valicenti Advisory Services Inc. acquired a new position in Baker Hughes in the fourth quarter worth about $3,308,000. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Barclays reduced their price target on shares of Baker Hughes from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. TD Securities cut their target price on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Stifel Nicolaus set a $50.00 target price on Baker Hughes and gave the stock a “buy” rating in a research report on Thursday, April 24th. The Goldman Sachs Group lifted their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Finally, TD Cowen lowered their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $49.11.

Baker Hughes Price Performance

Shares of Baker Hughes stock opened at $37.73 on Friday. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $39.39 and its 200-day moving average price is $42.02. The firm has a market capitalization of $37.38 billion, a PE ratio of 12.66, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

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, topping analysts’ consensus estimates of $0.48 by $0.03. The business had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Sell-side analysts forecast that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Tuesday, May 6th will be issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes’s dividend payout ratio is presently 31.40%.

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.