Syon Capital LLC Buys 11,040 Shares of Baker Hughes (NASDAQ:BKR)

Syon Capital LLC increased its position in Baker Hughes (NASDAQ:BKR) by 65.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,889 shares of the company’s stock after buying an additional 11,040 shares during the quarter. Syon Capital LLC’s holdings in Baker Hughes were worth $953,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in BKR. Miller Howard Investments Inc. NY lifted its holdings in shares of Baker Hughes by 0.5% in the 3rd quarter. Miller Howard Investments Inc. NY now owns 55,658 shares of the company’s stock worth $1,966,000 after purchasing an additional 303 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Baker Hughes by 15.5% in the 4th quarter. Blue Trust Inc. now owns 2,432 shares of the company’s stock worth $85,000 after purchasing an additional 327 shares in the last quarter. Rational Advisors LLC lifted its holdings in shares of Baker Hughes by 44.0% in the 3rd quarter. Rational Advisors LLC now owns 1,250 shares of the company’s stock worth $44,000 after purchasing an additional 382 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Baker Hughes by 6.6% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,400 shares of the company’s stock worth $219,000 after purchasing an additional 398 shares in the last quarter. Finally, Huntington National Bank lifted its holdings in shares of Baker Hughes by 8.2% in the 3rd quarter. Huntington National Bank now owns 5,501 shares of the company’s stock worth $194,000 after purchasing an additional 416 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Performance

BKR traded up $0.63 during trading hours on Thursday, hitting $33.30. The stock had a trading volume of 7,963,044 shares, compared to its average volume of 8,760,800. The company’s fifty day simple moving average is $31.89 and its 200 day simple moving average is $32.55. Baker Hughes has a 1 year low of $26.81 and a 1 year high of $37.58. The stock has a market cap of $33.33 billion, a PE ratio of 18.41, a price-to-earnings-growth ratio of 0.62 and a beta of 1.42. The company has a quick ratio of 0.86, a current ratio of 1.25 and a debt-to-equity ratio of 0.38.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.03. Baker Hughes had a return on equity of 11.45% and a net margin of 6.95%. The company had revenue of $6.42 billion during the quarter, compared to analyst estimates of $6.37 billion. During the same quarter last year, the firm posted $0.28 EPS. The firm’s revenue for the quarter was up 12.3% on a year-over-year basis. Equities analysts anticipate that Baker Hughes will post 2.07 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, May 6th will be issued a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend is Friday, May 3rd. Baker Hughes’s dividend payout ratio (DPR) is currently 46.93%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup cut their target price on Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a report on Friday, January 26th. The Goldman Sachs Group raised their price objective on Baker Hughes from $36.00 to $38.00 in a research note on Tuesday. Barclays dropped their price objective on Baker Hughes from $43.00 to $42.00 and set an “overweight” rating on the stock in a research note on Friday, January 26th. TD Cowen raised their price objective on Baker Hughes from $46.00 to $49.00 and gave the company an “outperform” rating in a research note on Thursday, January 25th. Finally, UBS Group raised their price objective on Baker Hughes from $35.00 to $36.00 in a research note on Tuesday. Three analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, Baker Hughes currently has an average rating of “Moderate Buy” and an average price target of $40.94.

Insider Buying and Selling

In other Baker Hughes news, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $33.88, for a total transaction of $169,400.00. Following the completion of the transaction, the senior vice president now owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Baker Hughes news, SVP James E. Apostolides sold 10,000 shares of Baker Hughes stock in a transaction dated Tuesday, March 5th. The stock was sold at an average price of $29.44, for a total transaction of $294,400.00. Following the completion of the transaction, the senior vice president now owns 14,451 shares of the company’s stock, valued at approximately $425,437.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP James E. Apostolides sold 5,000 shares of Baker Hughes stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $33.88, for a total value of $169,400.00. Following the transaction, the senior vice president now directly owns 14,998 shares of the company’s stock, valued at approximately $508,132.24. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

About Baker Hughes

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.