The Baker Hughes Incorporated (BHI) Position Increased by Hourglass Capital LLC

The Baker Hughes Incorporated (BHI) Position Increased by Hourglass Capital LLC

A number of other institutional investors have also recently modified their holdings of the company. Winch Advisory Services LLC bought a new position in Baker Hughes during the first quarter valued at approximately $104,000. First Bank & Trust bought a new position in Baker Hughes during the fourth quarter valued at approximately $131,000. Trust Co. of Vermont increased its position in Baker Hughes by 21.5% in the first quarter. Trust Co. of Vermont now owns 2,260 shares of the oilfield services provider’s stock valued at $135,000 after buying an additional 400 shares in the last quarter. First Manhattan Co. increased its position in Baker Hughes by 19.3% in the first quarter. First Manhattan Co. now owns 2,470 shares of the oilfield services provider’s stock valued at $124,000 after buying an additional 400 shares in the last quarter. Finally, Scotia Capital Inc. bought a new position in Baker Hughes during the fourth quarter valued at approximately $200,000. Institutional investors and hedge funds own 91.03% of the company’s stock.

Hourglass Capital LLC boosted its position in Baker Hughes Incorporated (NYSE:BHI) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,462 shares of the oilfield services provider’s stock after buying an additional 417 shares during the period. Baker Hughes comprises about 2.3% of Hourglass Capital LLC’s holdings, making the stock its 13th largest position. Hourglass Capital LLC’s holdings in Baker Hughes were worth $9,539,000 at the end of the most recent reporting period.

Baker Hughes Incorporated (NYSE:BHI) opened at 54.95 on Monday. The company’s market capitalization is $23.38 billion. Baker Hughes Incorporated has a 52 week low of $41.74 and a 52 week high of $68.59. The firm’s 50-day moving average price is $58.10 and its 200 day moving average price is $60.94.

Baker Hughes (NYSE:BHI) last released its quarterly earnings data on Tuesday, April 25th. The oilfield services provider reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.21) by $0.17. Baker Hughes had a negative return on equity of 5.64% and a negative net margin of 27.82%. The company had revenue of $2.26 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm posted ($1.58) earnings per share. The firm’s revenue was down 15.3% compared to the same quarter last year. Equities research analysts expect that Baker Hughes Incorporated will post $0.02 earnings per share for the current fiscal year. The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Shareholders of record on Monday, May 8th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date was Thursday, May 4th. Baker Hughes’s dividend payout ratio is presently -10.83%.

Several research firms recently commented on BHI. Susquehanna Bancshares Inc upgraded shares of Baker Hughes from a “neutral” rating to a “positive” rating and set a $71.00 price target on the stock in a research note on Thursday, February 9th. FBR & Co upped their price target on shares of Baker Hughes from $62.00 to $65.00 and gave the company an “outperform” rating in a research note on Wednesday, February 22nd. Tudor Pickering started coverage on shares of Baker Hughes in a research report on Thursday, March 23rd. They set a “buy” rating for the company. Scotiabank set a $69.00 price objective on shares of Baker Hughes and gave the stock a “hold” rating in a research report on Wednesday, March 22nd. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $69.00 price objective on shares of Baker Hughes in a research report on Thursday, April 13th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Baker Hughes presently has a consensus rating of “Hold” and an average price target of $62.02. About Baker Hughes

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BHI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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