Published: Sat, June 03, 2017
Money | By Armando Alvarado

ARGA Investment Management LP Has $425000 Position in Baker Hughes Incorporated (BHI)

Viking Fund Management Llc owns 530,000 shares or 4.36% of their United States portfolio. First Bank & Trust raised its stake in Baker Hughes by 11.8% in the first quarter.

Several institutional investors have recently added to or reduced their stakes in BHI. Numeric Investors LLC boosted its stake in Baker Hughes by 719.1% in the fourth quarter. Foster Dykema Cabot & Co. Inc. Finally, TrimTabs Asset Management LLC increased its position in Baker Hughes by 89.2% in the first quarter. Partners Capital Investment Group Holdings LLC now owns 1,944 shares of the oilfield services provider's stock worth $116,000 after buying an additional 5 shares during the period. SECOR Capital Advisors LP bought a new position in shares of Baker Hughes during the third quarter worth about $5,473,000. Teachers Insurance & Annuity Association Of America holds 0.2% or 86,839 shares.

Shares of Baker Hughes Incorporated (NYSE:BHI) showed slightly up movement during previous trade.

About 1.06 million shares traded. The stock's market capitalization is $23.59 billion. High Pointe Cap Mngmt Limited Liability Corp has 1.35% invested in Baker Hughes Incorporated (NYSE:BHI). Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.01. Baker Hughes had a negative net margin of 27.82% and a negative return on equity of 5.64%. Revenue for the quarter also did not kill consensus, coming in at $2.26B, compared to the consensus of 2.27B. The oilfield services provider reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.21) by $0.17.

David Winters decreased its stake in Baker Hughes Inc (BHI) by 18.8% based on its latest 2016Q4 regulatory filing with the SEC. Out of 31 Wall Street analysts rating Baker Hughes Incorporated, 17 give it "Buy", 0 "Sell" rating, while 14 recommend "Hold".

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The firm also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Monday, May 8th were issued a $0.17 dividend. The ex-dividend date of this dividend was Thursday, May 4th. Its up 0.27, from 1.01 in 2016Q3. Baker Hughes's dividend payout ratio (DPR) is -10.83%. Finally, Asset Management One Co. Addison Capital holds 1.73% in Baker Hughes Incorporated (NYSE:BHI) or 30,324 shares. If you are viewing this piece on another publication, it was stolen and reposted in violation of USA and worldwide copyright and trademark laws.

03/09/2017 - Baker Hughes Incorporated had its "buy" rating reiterated by analysts at Citigroup. Resolute Energy had 19 analyst reports since July 21, 2015 according to SRatingsIntel. Susquehanna raised its rating on Baker Hughes Incorporated to Positive on 09/02/2017 in a reversal from its prior Neutral rating. BMO Capital Markets restated a "buy" rating and set a $69.00 target price on shares of Baker Hughes in a research note on Thursday, April 13th.

Recently, In analysts note sent to investors and clients on Wednesday, 31 May, Baker Hughes (NYSE:BHI) shares have had their "Hold" Rating maintained by research analysts at Jefferies, who now has a $67.0000 target on firm. The stock has "Buy" rating by Citigroup on Wednesday, July 13. Royal Bank of Canada restated a "buy" rating and set a $80.00 target price on shares of Baker Hughes in a research note on Monday, April 3rd. This target by Jefferies indicates the possibile upside of 22.13 % from the current price.

The European Commission has approved General Electric's (GE) purchase of oilfield services company Baker Hughes without any conditions.

An investigation was launched by it as the two firms are actively engaged in providing oilfield services to oil and gas exploration and production firms in the European Economic Area (EEA) and rest of the world. The Company also provides products and services for other businesses, including downstream chemicals, and process and pipeline services. F&V Cap Management Limited Liability Corporation has invested 2.24% in Baker Hughes Incorporated (NYSE:BHI). The original version of this piece can be viewed at

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