Oregon Public Employees Retirement Fund Purchases 26,990 Shares of Baker Hughes Company $BKR

Oregon Public Employees Retirement Fund grew its holdings in Baker Hughes Company (NASDAQ:BKR) by 31.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 112,640 shares of the company’s stock after acquiring an additional 26,990 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Baker Hughes were worth $5,488,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of BKR. Webster Bank N. A. acquired a new stake in Baker Hughes in the 3rd quarter worth about $3,434,000. Benjamin Edwards Inc. increased its holdings in shares of Baker Hughes by 12.2% during the third quarter. Benjamin Edwards Inc. now owns 12,155 shares of the company’s stock worth $592,000 after purchasing an additional 1,324 shares during the period. HB Wealth Management LLC raised its position in shares of Baker Hughes by 17.2% in the third quarter. HB Wealth Management LLC now owns 45,051 shares of the company’s stock valued at $2,195,000 after buying an additional 6,611 shares in the last quarter. Spire Wealth Management raised its position in shares of Baker Hughes by 357.8% in the third quarter. Spire Wealth Management now owns 1,021 shares of the company’s stock valued at $50,000 after buying an additional 798 shares in the last quarter. Finally, Childress Capital Advisors LLC bought a new stake in shares of Baker Hughes in the third quarter valued at approximately $238,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. Barclays raised their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, October 27th. Susquehanna raised their price target on Baker Hughes from $56.00 to $58.00 and gave the stock a “positive” rating in a research report on Wednesday. Jefferies Financial Group boosted their price target on Baker Hughes from $58.00 to $59.00 and gave the company a “buy” rating in a research note on Thursday, November 20th. Zephirin Group increased their price objective on shares of Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a research note on Thursday, October 2nd. Finally, Citigroup raised their target price on shares of Baker Hughes from $55.00 to $61.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Twenty-three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and a consensus price target of $53.92.

Baker Hughes Price Performance

Shares of BKR stock opened at $49.97 on Friday. The company has a quick ratio of 1.00, a current ratio of 1.41 and a debt-to-equity ratio of 0.33. Baker Hughes Company has a twelve month low of $33.60 and a twelve month high of $51.12. The company has a market cap of $49.31 billion, a P/E ratio of 17.23, a P/E/G ratio of 1.76 and a beta of 0.89. The business has a fifty day simple moving average of $47.71 and a 200 day simple moving average of $45.67.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $5.09 billion for the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%. On average, sell-side analysts forecast that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 14th. Investors of record on Tuesday, November 4th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date was Tuesday, November 4th. Baker Hughes’s dividend payout ratio is currently 31.72%.

Baker Hughes Company Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.