Baker Hughes (NYSE:BKR) Shares Acquired by Scout Investments Inc.


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Scout Investments Inc. increased its holdings in Baker Hughes (NYSE:BKR) by 13.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,207,299 shares of the company’s stock after acquiring an additional 264,591 shares during the quarter. Scout Investments Inc. owned approximately 0.21% of Baker Hughes worth $47,700,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in BKR. Norges Bank acquired a new stake in Baker Hughes during the fourth quarter valued at approximately $209,140,000. River & Mercantile Asset Management LLP raised its stake in Baker Hughes by 480.5% during the fourth quarter. River & Mercantile Asset Management LLP now owns 3,305,292 shares of the company’s stock valued at $68,900,000 after buying an additional 2,735,857 shares in the last quarter. BlackRock Inc. raised its stake in Baker Hughes by 5.2% during the fourth quarter. BlackRock Inc. now owns 55,399,708 shares of the company’s stock valued at $1,155,083,000 after buying an additional 2,732,471 shares in the last quarter. Credit Suisse AG raised its stake in Baker Hughes by 367.6% during the fourth quarter. Credit Suisse AG now owns 2,970,747 shares of the company’s stock valued at $61,940,000 after buying an additional 2,335,488 shares in the last quarter. Finally, Amundi Pioneer Asset Management Inc. raised its stake in Baker Hughes by 221.4% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,323,320 shares of the company’s stock valued at $69,292,000 after buying an additional 2,289,203 shares in the last quarter. Hedge funds and other institutional investors own 98.17% of the company’s stock.

In other news, Director Electric Co General sold 38,007,041 shares of the stock in a transaction on Friday, January 22nd. The stock was sold at an average price of $19.34, for a total transaction of $735,056,172.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.21% of the stock is currently owned by corporate insiders.

Several brokerages have issued reports on BKR. Barclays cut Baker Hughes from an “overweight” rating to an “equal weight” rating in a research note on Friday, January 8th. Smith Barney Citigroup cut Baker Hughes from a “buy” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $24.00 in a research report on Tuesday, December 15th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell cut Baker Hughes from a “buy” rating to a “neutral” rating and increased their price target for the stock from $20.00 to $24.00 in a research report on Tuesday, December 15th. Morgan Stanley increased their price target on Baker Hughes from $24.00 to $26.00 and gave the stock an “overweight” rating in a research report on Friday, January 22nd. Finally, JPMorgan Chase & Co. increased their price objective on Baker Hughes from $20.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, December 18th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $20.62.

Shares of NYSE BKR opened at $20.11 on Monday. The stock has a fifty day moving average price of $23.19 and a two-hundred day moving average price of $19.85. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.01 and a current ratio of 1.43. The firm has a market cap of $20.92 billion, a P/E ratio of -1.25, a PEG ratio of 2.39 and a beta of 1.78. Baker Hughes has a 1 year low of $12.01 and a 1 year high of $25.64.

Baker Hughes (NYSE:BKR) last issued its quarterly earnings results on Wednesday, January 20th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.23). Baker Hughes had a negative net margin of 48.86% and a positive return on equity of 1.12%. The firm had revenue of $5.50 billion for the quarter, compared to the consensus estimate of $5.46 billion. During the same period in the previous year, the business posted $0.27 earnings per share. On average, research analysts predict that Baker Hughes will post 0.27 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Tuesday, February 9th were given a dividend of $0.18 per share. The ex-dividend date was Monday, February 8th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.58%. Baker Hughes’s dividend payout ratio (DPR) is presently 84.71%.

About Baker Hughes

Baker Hughes Company provides a portfolio of technologies and services worldwide. The company operates through four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS), and Digital Solutions (DS). The OFS segment offers exploration, drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for oil and natural gas, and oilfield service companies.

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

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