Marathon Asset Management Ltd Lowers Stock Holdings in Baker Hughes Company $BKR

Marathon Asset Management Ltd lessened its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 26.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 265,494 shares of the company’s stock after selling 94,974 shares during the quarter. Marathon Asset Management Ltd’s holdings in Baker Hughes were worth $12,935,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Forum Financial Management LP increased its stake in Baker Hughes by 1.4% in the 2nd quarter. Forum Financial Management LP now owns 17,255 shares of the company’s stock valued at $662,000 after buying an additional 233 shares during the period. Steward Partners Investment Advisory LLC increased its stake in shares of Baker Hughes by 4.2% during the second quarter. Steward Partners Investment Advisory LLC now owns 6,790 shares of the company’s stock worth $260,000 after acquiring an additional 275 shares during the period. CWM LLC increased its stake in shares of Baker Hughes by 0.6% during the third quarter. CWM LLC now owns 44,731 shares of the company’s stock worth $2,179,000 after acquiring an additional 287 shares during the period. V Square Quantitative Management LLC raised its holdings in Baker Hughes by 1.4% during the second quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company’s stock worth $834,000 after purchasing an additional 292 shares in the last quarter. Finally, Moody National Bank Trust Division lifted its position in Baker Hughes by 5.9% in the second quarter. Moody National Bank Trust Division now owns 5,351 shares of the company’s stock valued at $205,000 after purchasing an additional 296 shares during the period. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Barclays boosted their target price on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research report on Monday, October 27th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Baker Hughes in a report on Monday, December 15th. Royal Bank Of Canada increased their price objective on Baker Hughes from $50.00 to $54.00 and gave the stock an “outperform” rating in a research report on Thursday, October 9th. Capital One Financial raised their target price on Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a report on Tuesday, September 16th. Finally, Stifel Nicolaus upped their price target on shares of Baker Hughes from $50.00 to $52.00 and gave the stock a “buy” rating in a research note on Monday, October 27th. Twenty-three equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.92.

Baker Hughes Stock Down 0.1%

BKR opened at $45.25 on Monday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market cap of $44.65 billion, a price-to-earnings ratio of 15.60, a PEG ratio of 1.64 and a beta of 0.90. Baker Hughes Company has a one year low of $33.60 and a one year high of $51.12. The business’s fifty day moving average is $47.70 and its two-hundred day moving average is $45.09.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Friday, November 18th. The company reported $0.16 earnings per share for the quarter. The business had revenue of $5.09 billion during the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%. Analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.0%. The ex-dividend date was Tuesday, November 4th. Baker Hughes’s dividend payout ratio (DPR) is 31.72%.

Baker Hughes Profile

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.