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

Oregon Public Employees Retirement Fund lifted its position in shares of Baker Hughes Company (NASDAQ:BKR) by 31.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. E Fund Management Hong Kong Co. Ltd. raised its position in Baker Hughes by 104.0% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock valued at $32,000 after purchasing an additional 337 shares during the last quarter. Harbour Investments Inc. raised its holdings in Baker Hughes by 61.7% in the 2nd quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock valued at $33,000 after buying an additional 326 shares during the last quarter. LFA Lugano Financial Advisors SA acquired a new stake in Baker Hughes during the 2nd quarter worth approximately $36,000. Twin Peaks Wealth Advisors LLC acquired a new stake in Baker Hughes during the 2nd quarter worth approximately $36,000. Finally, LRI Investments LLC grew its holdings in Baker Hughes by 59.3% during the 2nd quarter. LRI Investments LLC now owns 1,032 shares of the company’s stock worth $40,000 after acquiring an additional 384 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Down 0.5%

Shares of Baker Hughes stock opened at $49.97 on Friday. The stock’s 50-day moving average is $47.71 and its 200 day moving average is $45.67. Baker Hughes Company has a one year low of $33.60 and a one year high of $51.12. The firm has a market cap of $49.31 billion, a price-to-earnings ratio of 17.23, a PEG ratio of 1.76 and a beta of 0.89. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00.

Baker Hughes (NASDAQ:BKR) last issued its quarterly 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%. Equities research analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Citigroup raised their price target on shares of Baker Hughes from $55.00 to $61.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Barclays lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, October 27th. Zephirin Group raised their price objective on Baker Hughes from $37.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, October 2nd. HSBC lifted their price objective on Baker Hughes from $54.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Finally, UBS Group increased their target price on shares of Baker Hughes from $48.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. Twenty-three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.92.

Baker Hughes 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.