ARP Americas LP bought a new stake in shares of Baker Hughes Company (NYSE:BKR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,552 shares of the company’s stock, valued at approximately $268,000.
Other institutional investors have also made changes to their positions in the company. Livforsakringsbolaget Skandia Omsesidigt bought a new stake in shares of Baker Hughes during the 3rd quarter valued at about $132,000. Municipal Employees Retirement System of Michigan bought a new stake in shares of Baker Hughes during the 3rd quarter valued at about $165,000. Usca Ria LLC bought a new stake in shares of Baker Hughes during the 3rd quarter valued at about $212,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Baker Hughes during the 3rd quarter valued at about $233,000. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Baker Hughes during the 3rd quarter valued at about $233,000. Institutional investors own 48.40% of the company’s stock.
BKR has been the topic of several research analyst reports. TheStreet lowered Baker Hughes from a “c-” rating to a “d” rating in a research report on Monday, October 21st. Barclays restated a “buy” rating and set a $28.00 target price on shares of Baker Hughes in a research report on Friday, November 1st.
Shares of NYSE:BKR opened at $21.95 on Thursday. The company has a market capitalization of $22.73 billion, a price-to-earnings ratio of 33.26, a PEG ratio of 3.07 and a beta of 0.98. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.07 and a current ratio of 1.58. Baker Hughes Company has a 52-week low of $20.09 and a 52-week high of $28.65.
Baker Hughes (NYSE:BKR) last announced its quarterly earnings results on Wednesday, October 30th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.03). The firm had revenue of $5.88 billion during the quarter, compared to the consensus estimate of $6.11 billion. Baker Hughes had a return on equity of 1.19% and a net margin of 0.89%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.19 EPS. Equities research analysts anticipate that Baker Hughes Company will post 0.89 earnings per share for the current year.
The company also recently declared a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a $0.18 dividend. The ex-dividend date is Thursday, November 7th. Baker Hughes’s payout ratio is currently 109.09%.
Baker Hughes Company Profile
Baker Hughes Company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers 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 integrated oil and natural gas and oilfield service companies.
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