Coppell Advisory Solutions LLC Has $95,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

Coppell Advisory Solutions LLC reduced its holdings in shares of Baker Hughes (NASDAQ:BKR) by 23.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,328 shares of the company’s stock after selling 700 shares during the period. Coppell Advisory Solutions LLC’s holdings in Baker Hughes were worth $95,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. JFS Wealth Advisors LLC raised its position in Baker Hughes by 135.9% in the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock valued at $27,000 after purchasing an additional 386 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Baker Hughes in the fourth quarter valued at about $30,000. Larson Financial Group LLC lifted its position in Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after buying an additional 216 shares in the last quarter. Kestra Investment Management LLC bought a new stake in Baker Hughes during the 4th quarter worth about $45,000. Finally, OFI Invest Asset Management acquired a new stake in Baker Hughes in the 4th quarter valued at about $47,000. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 0.2 %

NASDAQ:BKR opened at $36.45 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. The business’s 50-day simple moving average is $41.39 and its 200-day simple moving average is $42.04. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The stock has a market capitalization of $36.09 billion, a PE ratio of 12.23, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Tuesday, April 22nd. The company reported $0.51 earnings per share 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 firm had revenue of $6.43 billion for the quarter, compared to analyst estimates of $6.54 billion. Sell-side analysts expect that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Tuesday, May 6th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date of this dividend is Tuesday, May 6th. Baker Hughes’s payout ratio is presently 31.40%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BKR shares. Jefferies Financial Group raised their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a report on Friday, January 3rd. The Goldman Sachs Group boosted their target price on Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Royal Bank of Canada decreased their price target on Baker Hughes from $50.00 to $46.00 and set an “outperform” rating on the stock in a report on Thursday. Benchmark reiterated a “buy” rating and issued a $57.00 price objective on shares of Baker Hughes in a research report on Tuesday, February 11th. Finally, Susquehanna lowered their price target on shares of Baker Hughes from $48.00 to $46.00 and set a “positive” rating for the company in a research report on Thursday. Two research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $49.11.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.27% 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.