BNP PARIBAS ASSET MANAGEMENT Holding S.A. Sells 83,325 Shares of Baker Hughes (NASDAQ:BKR)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. lowered its holdings in Baker Hughes (NASDAQ:BKR) by 3.9% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,036,697 shares of the company’s stock after selling 83,325 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Baker Hughes were worth $73,626,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in Baker Hughes by 20.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 89,488 shares of the company’s stock worth $3,235,000 after buying an additional 15,172 shares in the last quarter. Commerce Bank raised its position in shares of Baker Hughes by 3.1% during the third quarter. Commerce Bank now owns 30,775 shares of the company’s stock worth $1,113,000 after acquiring an additional 921 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Baker Hughes by 13.0% during the third quarter. PNC Financial Services Group Inc. now owns 134,735 shares of the company’s stock valued at $4,871,000 after acquiring an additional 15,477 shares during the period. B. Metzler seel. Sohn & Co. Holding AG bought a new position in Baker Hughes in the third quarter valued at about $27,914,000. Finally, Banque Cantonale Vaudoise increased its position in Baker Hughes by 76.1% in the third quarter. Banque Cantonale Vaudoise now owns 122,661 shares of the company’s stock worth $4,434,000 after purchasing an additional 53,006 shares during the period. Institutional investors own 92.06% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Morgan Stanley upped their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Benchmark restated a “buy” rating and issued a $42.00 price target on shares of Baker Hughes in a research report on Thursday, October 24th. Barclays upped their price objective on Baker Hughes from $41.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Finally, The Goldman Sachs Group raised their target price on Baker Hughes from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 29th. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $44.59.

Baker Hughes Stock Performance

Shares of BKR stock opened at $44.94 on Friday. The company’s fifty day simple moving average is $38.33 and its 200-day simple moving average is $35.52. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a 12 month low of $28.32 and a 12 month high of $45.17. The firm has a market cap of $44.46 billion, a PE ratio of 20.15, a P/E/G ratio of 0.72 and a beta of 1.38.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.91 billion for the quarter, compared to analysts’ expectations of $7.21 billion. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.42 EPS. Equities research analysts expect that Baker Hughes will post 2.29 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, November 4th were given a $0.21 dividend. The ex-dividend date was Monday, November 4th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.87%. Baker Hughes’s payout ratio is 37.67%.

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.