Baker Hughes Company $BKR Shares Bought by Mattson Financial Services LLC

Mattson Financial Services LLC boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 28.1% in the second quarter, Holdings Channel reports. The fund owned 46,975 shares of the company’s stock after purchasing an additional 10,298 shares during the period. Mattson Financial Services LLC’s holdings in Baker Hughes were worth $1,801,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in BKR. GAMMA Investing LLC lifted its position in Baker Hughes by 27.9% during the 1st quarter. GAMMA Investing LLC now owns 13,158 shares of the company’s stock worth $578,000 after acquiring an additional 2,872 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Baker Hughes by 34.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 73,847 shares of the company’s stock worth $3,246,000 after acquiring an additional 19,048 shares during the period. Exchange Traded Concepts LLC lifted its holdings in shares of Baker Hughes by 113.7% in the 1st quarter. Exchange Traded Concepts LLC now owns 27,982 shares of the company’s stock valued at $1,230,000 after buying an additional 14,888 shares during the period. Brighton Jones LLC acquired a new stake in shares of Baker Hughes in the 1st quarter valued at approximately $233,000. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of Baker Hughes by 71.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 30,932 shares of the company’s stock valued at $1,359,000 after buying an additional 12,838 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Baker Hughes Stock Performance

NASDAQ BKR opened at $44.64 on Friday. Baker Hughes Company has a 1-year low of $33.60 and a 1-year high of $50.92. The company has a market capitalization of $44.01 billion, a P/E ratio of 14.59, a PEG ratio of 1.92 and a beta of 0.99. The business has a 50 day moving average price of $46.04 and a 200 day moving average price of $41.38. 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 released its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm had revenue of $5.09 billion during the quarter. Sell-side analysts expect that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend was Tuesday, August 5th. Baker Hughes’s dividend payout ratio (DPR) is presently 30.07%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on BKR. Capital One Financial raised their price target on Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Stifel Nicolaus reduced their price target on Baker Hughes from $50.00 to $49.00 and set a “buy” rating for the company in a report on Wednesday, July 16th. Bank of America raised their price target on Baker Hughes from $52.00 to $54.00 and gave the company a “buy” rating in a report on Tuesday. Citigroup raised their price target on Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Royal Bank Of Canada raised their price target on Baker Hughes from $50.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, October 9th. Twenty-two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $52.91.

Insider Activity at Baker Hughes

In other Baker Hughes news, CEO Lorenzo Simonelli sold 526,568 shares of the firm’s stock in a transaction on Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following the completion of the transaction, the chief executive officer owned 667,593 shares of the company’s stock, valued at approximately $29,654,481.06. This trade represents a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Rebecca L. Charlton sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $50,000.00. Following the transaction, the chief accounting officer directly owned 11,772 shares of the company’s stock, valued at $588,600. The trade was a 7.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 553,068 shares of company stock valued at $24,712,651 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

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.