Baker Hughes Incorporated (BHI) : First Interstate Bank reduced its stake in Baker Hughes Incorporated by 2.57% during the most recent quarter end. The investment management company now holds a total of 177,040 shares of Baker Hughes Incorporated which is valued at $7.9 Million after selling 4,667 shares in Baker Hughes Incorporated , the firm said in a disclosure report filed with the SEC on May 11, 2016.Baker Hughes Incorporated makes up approximately 1.68% of First Interstate Bank’s portfolio.
Other Hedge Funds, Including , Schwartz Investment Counsel Inc boosted its stake in BHI in the latest quarter, The investment management firm added 9,000 additional shares and now holds a total of 214,500 shares of Baker Hughes Incorporated which is valued at $9.6 Million. Baker Hughes Incorporated makes up approx 0.71% of Schwartz Investment Counsel Inc’s portfolio. Holowesko Partners Ltd. added BHI to its portfolio by purchasing 427,000 company shares during the most recent quarter which is valued at $19.1 Million. Baker Hughes Incorporated makes up approx 1.49% of Holowesko Partners Ltd.’s portfolio.State Treasurer State Of Michigan boosted its stake in BHI in the latest quarter, The investment management firm added 1,600 additional shares and now holds a total of 150,729 shares of Baker Hughes Incorporated which is valued at $6.9 Million. Baker Hughes Incorporated makes up approx 0.06% of State Treasurer State Of Michigan’s portfolio.Bluecrest Capital Management Ltd reduced its stake in BHI by selling 1,407 shares or 16.94% in the most recent quarter. The Hedge Fund company now holds 6,900 shares of BHI which is valued at $316,572. Baker Hughes Incorporated makes up approx 0.03% of Bluecrest Capital Management Ltd’s portfolio.New Jersey Better Educational Savings Trust boosted its stake in BHI in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 26,000 shares of Baker Hughes Incorporated which is valued at $1.3 Million. Baker Hughes Incorporated makes up approx 0.86% of New Jersey Better Educational Savings Trust’s portfolio.
Baker Hughes Incorporated opened for trading at $45.3 and hit $46.28 on the upside on Monday, eventually ending the session at $45.88, with a gain of 2.80% or 1.25 points. The heightened volatility saw the trading volume jump to 38,60,013 shares. Company has a market cap of $20,091 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 Companys 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.