Baker Hughes INC (BHI) Stake Has Lifted by Calvert Investment Management Inc

Calvert Investment Management Inc who had been investing in Baker Hughes Inc for a number of months, seems to be bullish on the $24.47 billion market cap company. Moreover, Poplar Forest Capital Llc has 4.29% invested in the company for 787,147 shares. Winch Advisory Services LLC purchased a new stake in Baker Hughes during the first quarter valued at about $104,000. Corecommodity Mgmt Ltd Liability Co invested 0.89% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). 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. First Bank & Trust bought a new stake in shares of Baker Hughes during the fourth quarter valued at $131,000. More interesting news about Baker Hughes Incorporated (NYSE:BHI) were released by: Hellenicshippingnews.com and their article: "Baker Hughes Incorporated: Oil slips as more United States drilling outweighs OPEC-led cuts" published on May 29, 2017 as well as Investorplace.com's news article titled: "How to Bank Coin on the Baker Hughes Incorporated (BHI) Stock Breakdown" with publication date: May 25, 2017. It is flat, as 72 investors sold Baker Hughes Incorporated shares while 205 reduced holdings. only 93 funds opened positions while 194 raised stakes. 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. Tuttle Tactical Mgmt has 0.33% invested in Baker Hughes Incorporated (NYSE:BHI) for 5,036 shares. The company has a 50-day moving average price of $57.13 and a 200 day moving average price of $60.53. This change led market cap to move at $24.58B, putting the price -16.47% below the 52-week high and 37.25% above the 52-week low. Fdx Advisors Inc invested 0.01% of its portfolio in Baker Hughes Incorporated (NYSE:BHI).

Baker Hughes (NYSE:BHI) last announced its earnings results on Tuesday, April 25th. Baker Hughes had a negative return on equity of 4.55% and a negative net margin of 19.99%. The business had revenue of $2.26 billion during the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter previous year, the company earned ($1.58) earnings per share. The company's revenue was down 15.3% on a year-over-year basis.

Among 31 analysts covering Baker Hughes Incorporated (NYSE:BHI), 17 have Buy rating, 0 Sell and 14 Hold.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 19th. The ex-dividend date of this dividend was Thursday, May 4th. The stock price increased 1.72% or $-0.97 versus $56.32 at the end of the prior session. Baker Hughes's payout ratio is now -15.60%.

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BHI has been the topic of several analyst reports. Royal Bank Of Canada reaffirmed a "buy" rating and issued a $80.00 price objective on shares of Baker Hughes in a research note on Monday, April 3rd. Finally, BMO Capital Markets cut Baker Hughes from an "outperform" rating to a "market perform" rating and reduced their price objective for the stock from $69.00 to $65.00 in a research note on Wednesday, April 26th.

Baker Hughes Incorporated (BHI) shares saw a recent bid of $57.29 and 3.69M shares have exchanged hands in the recent trading session, yielding a 3.17% gain over the past week. Finally, FBR & Co increased their target price on Baker Hughes from $62.00 to $65.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 22nd. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, fourteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. The stock notched a 12-month high of $66.07 while $79.00 target is by far the most aggressive out of analysts who are now evaluating the company, $12.93 higher than the next highest 52-week price estimate. The Firm is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world.