Schaller Investment Group Inc adds Baker Hughes Incorporated (BHI) to its portfolio

Baker Hughes Incorporated (BHI) : Schaller Investment Group Inc added new position in Baker Hughes Incorporated during the most recent quarter end. The investment management firm now holds 100,000 shares of Baker Hughes Incorporated which is valued at $4.5 Million , the company said in a statement filed on May 12, 2016 with the SEC.Baker Hughes Incorporated makes up approximately 2.89% of Schaller Investment Group Inc’s portfolio.

Other Hedge Funds, Including , Her Majesty The Queen In Right Of The Province Of Alberta… sold out all of its stake in BHI during the most recent quarter. The investment firm sold 51,814 shares of BHI which is valued $2.3 Million.Sumitomo Mitsui Asset Management Company Ltd boosted its stake in BHI in the latest quarter, The investment management firm added 1,477 additional shares and now holds a total of 32,654 shares of Baker Hughes Incorporated which is valued at $1.5 Million. Baker Hughes Incorporated makes up approx 0.05% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.Cibc Asset Management Inc boosted its stake in BHI in the latest quarter, The investment management firm added 4,051 additional shares and now holds a total of 72,328 shares of Baker Hughes Incorporated which is valued at $3.2 Million. Baker Hughes Incorporated makes up approx 0.02% of Cibc Asset Management Inc’s portfolio.Tokio Marine Asset Management Co Ltd boosted its stake in BHI in the latest quarter, The investment management firm added 779 additional shares and now holds a total of 12,856 shares of Baker Hughes Incorporated which is valued at $589,833. Baker Hughes Incorporated makes up approx 0.06% of Tokio Marine Asset Management Co Ltd’s portfolio.

Baker Hughes Incorporated opened for trading at $45.46 and hit $45.7 on the upside on Friday, eventually ending the session at $45.33, with a gain of 0.20% or 0.09 points. The heightened volatility saw the trading volume jump to 35,56,512 shares. Company has a market cap of $19,851 M.

On the company’s financial health, Baker Hughes Incorporated reported $-1.58 EPS for the quarter, missing the analyst consensus estimate by $ -1.25 based on the information available during the earnings call on Apr 27, 2016. Analyst had a consensus of $-0.33. The company had revenue of $2670.00 million for the quarter, compared to analysts expectations of $2829.83 million. The company’s revenue was down -41.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.07 EPS.

Investors should note that on Apr 18, 2016, Baker Hughes Incorporated announced a cash dividend of $0.1700. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 22, 2016.

Many Wall Street Analysts have commented on Baker Hughes Incorporated. Baker Hughes Incorporated was Resumed by Goldman to “Neutral” on May 9, 2016. Shares were Reiterated by Deutsche Bank on May 2, 2016 to “Hold” and Lowered the Price Target to $ 40 from a previous price target of $44 .Company shares were Reiterated by UBS on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 55 from a previous price target of $50 .

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services products technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals and process and pipeline services. It conducts its operations through subsidiaries affiliates ventures and alliances. The Company has four geographical operating segments: North America Latin America Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment which includes the downstream chemicals business and the process and pipeline services business. The Company’s Integrated Operations is focused on the execution of projects that have attributes such as project management well site supervision well construction intervention third-party contractor management procurement and rig management.

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