Nebula Research & Development LLC Purchases Shares of 5,671 Baker Hughes (NASDAQ:BKR)

Nebula Research & Development LLC purchased a new position in shares of Baker Hughes (NASDAQ:BKR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 5,671 shares of the company’s stock, valued at approximately $233,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wilmington Savings Fund Society FSB acquired a new position in Baker Hughes in the third quarter valued at approximately $139,000. Principal Financial Group Inc. grew its position in Baker Hughes by 4.2% during the 3rd quarter. Principal Financial Group Inc. now owns 1,177,877 shares of the company’s stock worth $42,580,000 after purchasing an additional 47,727 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of Baker Hughes by 41.1% during the fourth quarter. GAMMA Investing LLC now owns 10,286 shares of the company’s stock worth $422,000 after buying an additional 2,998 shares during the period. Nordea Investment Management AB lifted its position in Baker Hughes by 4.8% during the 4th quarter. Nordea Investment Management AB now owns 1,810,915 shares of the company’s stock worth $74,592,000 after acquiring an additional 83,266 shares during the period. Finally, First Hawaiian Bank grew its stake in shares of Baker Hughes by 7.9% in the 4th quarter. First Hawaiian Bank now owns 94,163 shares of the company’s stock valued at $3,863,000 after purchasing an additional 6,891 shares during the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on BKR. Jefferies Financial Group raised their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Barclays decreased their target price on Baker Hughes from $54.00 to $48.00 and set an “overweight” rating on the stock in a research report on Thursday, April 24th. Citigroup lowered their price target on shares of Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Evercore ISI decreased their price objective on Baker Hughes from $52.00 to $50.00 and set an “outperform” rating on the stock in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.11.

Baker Hughes Stock Up 2.2 %

Shares of Baker Hughes stock opened at $36.19 on Friday. The company has a fifty day moving average price of $40.58 and a 200 day moving average price of $41.99. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The stock has a market cap of $35.83 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.03. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. The company had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Equities research analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th will be paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 2.54%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes’s dividend payout ratio (DPR) is currently 31.40%.

Baker Hughes Company Profile

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.