Blair William & Co. IL Sells 1,642 Shares of Baker Hughes Company $BKR

Blair William & Co. IL reduced its position in shares of Baker Hughes Company (NASDAQ:BKR) by 15.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 9,087 shares of the company’s stock after selling 1,642 shares during the period. Blair William & Co. IL’s holdings in Baker Hughes were worth $348,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Wayfinding Financial LLC bought a new stake in Baker Hughes in the first quarter worth about $28,000. Golden State Wealth Management LLC raised its position in Baker Hughes by 678.7% in the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after acquiring an additional 604 shares during the period. N.E.W. Advisory Services LLC bought a new stake in Baker Hughes in the first quarter worth about $30,000. Spire Wealth Management raised its position in Baker Hughes by 132.9% in the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after acquiring an additional 465 shares during the period. Finally, Hilltop National Bank bought a new stake in Baker Hughes in the second quarter worth about $43,000. 92.06% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BKR. Barclays reaffirmed an “overweight” rating on shares of Baker Hughes in a research report on Tuesday. JPMorgan Chase & Co. boosted their price target on shares of Baker Hughes from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, September 30th. Melius assumed coverage on shares of Baker Hughes in a research report on Wednesday, August 20th. They issued a “buy” rating and a $60.00 price target on the stock. Royal Bank Of Canada boosted their price target on shares of Baker Hughes from $50.00 to $54.00 and gave the company an “outperform” rating in a research report on Thursday, October 9th. Finally, Citigroup boosted their price target on shares of Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Twenty-two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $52.91.

Baker Hughes Stock Up 1.2%

Shares of NASDAQ:BKR opened at $45.18 on Friday. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The stock’s 50-day moving average price is $46.08 and its 200-day moving average price is $41.38. The stock has a market capitalization of $44.54 billion, a P/E ratio of 14.76, a price-to-earnings-growth ratio of 1.93 and a beta of 0.99. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.92.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm had revenue of $5.09 billion during the quarter. On average, equities analysts anticipate that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date was Tuesday, August 5th. Baker Hughes’s dividend payout ratio is currently 30.07%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $50.00, for a total value of $1,250,000.00. Following the completion of the transaction, the executive vice president directly owned 40,520 shares in the company, valued at approximately $2,026,000. This represents a 38.16% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Lorenzo Simonelli sold 526,568 shares of the company’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the transaction, the chief executive officer owned 667,593 shares of the company’s stock, valued at $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 553,068 shares of company stock worth $24,712,651. 0.27% of the stock is currently owned by corporate insiders.

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.