Compagnie Lombard Odier SCmA Takes $205,000 Position in Baker Hughes (NASDAQ:BKR)

Compagnie Lombard Odier SCmA purchased a new stake in shares of Baker Hughes (NASDAQ:BKR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Exchange Traded Concepts LLC boosted its position in Baker Hughes by 93.6% in the third quarter. Exchange Traded Concepts LLC now owns 19,522 shares of the company’s stock worth $706,000 after purchasing an additional 9,440 shares during the last quarter. Creative Planning boosted its position in Baker Hughes by 12.3% in the third quarter. Creative Planning now owns 69,572 shares of the company’s stock worth $2,515,000 after purchasing an additional 7,596 shares during the last quarter. NBC Securities Inc. purchased a new position in Baker Hughes in the third quarter worth about $294,000. Vontobel Holding Ltd. boosted its position in Baker Hughes by 12.6% in the third quarter. Vontobel Holding Ltd. now owns 178,831 shares of the company’s stock worth $6,465,000 after purchasing an additional 20,047 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in Baker Hughes by 0.9% in the third quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 107,407 shares of the company’s stock worth $3,883,000 after purchasing an additional 944 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Royal Bank of Canada raised their target price on Baker Hughes from $49.00 to $53.00 and gave the stock an “outperform” rating in a research report on Monday, February 3rd. Citigroup raised their price objective on Baker Hughes from $42.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. The Goldman Sachs Group raised their price objective on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. Piper Sandler 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, February 3rd. Finally, Wells Fargo & Company raised their price objective on Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average target price of $51.06.

Baker Hughes Stock Performance

NASDAQ:BKR opened at $46.40 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. Baker Hughes has a 1 year low of $28.66 and a 1 year high of $49.40. The stock’s 50 day simple moving average is $43.71 and its two-hundred day simple moving average is $39.78. The company has a market cap of $45.91 billion, a price-to-earnings ratio of 15.57, a PEG ratio of 2.07 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR) last released its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, equities analysts anticipate that Baker Hughes will post 2.57 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th will be paid a $0.23 dividend. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a yield of 1.98%. Baker Hughes’s payout ratio is presently 30.87%.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.25% of the company’s stock.

Baker Hughes 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.