Baker Hughes Incorporated (NYSE:BHI) is expected to pay $0.17 on Nov 18, 2016. The indicated annual dividend is $0.68. Shareholders owning the stock before Nov 3, 2016 will be eligible to receive the payout. Based on Baker Hughes Incorporated’s current price of $55.34, the dividend is 0.31%. This dividend’s record date is Nov 7, 2016 and the announcement date is Oct 27, 2016. The stock decreased 0.11% or $0.06 during the last trading session, hitting $55.34. Baker Hughes Incorporated (NYSE:BHI) has risen 26.26% since March 31, 2016 and is uptrending. It has outperformed by 23.74% the S&P500.
Baker Hughes Incorporated is engaged in the oilfield services industry. The company has a market cap of $21.93 billion. The Firm is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. It currently has negative earnings. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services.
Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.13, from 0.8 in 2016Q1. The ratio improved, as 86 funds sold all Baker Hughes Incorporated shares owned while 197 reduced positions. 83 funds bought stakes while 181 increased positions. They now own 371.39 million shares or 0.31% less from 372.55 million shares in 2016Q1.
Teacher Retirement System Of Texas owns 29,773 shares or 0.01% of their US portfolio. New York State Common Retirement Fund last reported 0.11% of its portfolio in the stock. Cornerstone last reported 0.02% of its portfolio in the stock. Dimensional Fund Advsrs Ltd Partnership holds 2.61M shares or 0.07% of its portfolio. Assets reported 9,200 shares or 0.13% of all its holdings. Livforsakringsbolaget Skandia Omsesidigt has invested 0.09% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). Winslow Asset Management holds 5,025 shares or 0.05% of its portfolio. Texas Permanent School Fund has 0.09% invested in the company for 147,117 shares. Hudson Bay Cap Management L P last reported 4,500 shares in the company. Teachers Advisors Inc holds 0.17% or 2.14 million shares in its portfolio. Moreover, Samsung Asset Mgmt (New York) Inc has 0.67% invested in Baker Hughes Incorporated (NYSE:BHI) for 19,150 shares. Carroll Finance Incorporated has invested 0.03% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). Afam Cap, a Texas-based fund reported 83,259 shares. Tph Asset Management Ltd Limited Liability Company has invested 0.12% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). Pinnacle Assocs owns 51,550 shares or 0.05% of their US portfolio.
Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 9 sales for $4.78 million net activity. On Monday, June 6 the insider MARSH WILLIAM D sold $73,655. $918,787 worth of shares were sold by KEIFER ALAN J on Friday, August 19. 17,000 shares were sold by Nouh Khalid M, worth $784,550. On Monday, August 8 the insider CRAIN ALAN R JR sold $58,848.
Baker Hughes Incorporated (NYSE:BHI) Ratings Coverage
Out of 25 analysts covering Baker Hughes Incorporated (NYSE:BHI), 16 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 64% are positive. Baker Hughes Incorporated has been the topic of 55 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, August 16 by Nomura. On Wednesday, August 26 the stock rating was upgraded by Iberia Capital Partners to “Conviction List”. The firm has “Underperform” rating by Jefferies given on Friday, April 8. Morgan Stanley maintained Baker Hughes Incorporated (NYSE:BHI) rating on Tuesday, April 19. Morgan Stanley has “Equal-Weight” rating and $53 price target. Barclays Capital maintained Baker Hughes Incorporated (NYSE:BHI) rating on Monday, March 28. Barclays Capital has “Overweight” rating and $54 price target. The firm has “Outperform” rating given on Wednesday, October 26 by Cowen & Co. Citigroup maintained it with “Buy” rating and $57 target price in Wednesday, August 31 report. The stock has “Outperform” rating given by FBR Capital on Monday, September 21. The stock has “Overweight” rating given by KeyBanc Capital Markets on Tuesday, January 5. The stock has “Sector Outperform” rating given by Howard Weil on Friday, July 29.
More important recent Baker Hughes Incorporated (NYSE:BHI) news were published by: Fool.com which released: “Baker Hughes Incorporated’s Q3 Earnings Show a Company Headed in the Right …” on October 25, 2016, also Investorplace.com published article titled: “Why Centurylink Inc (CTL), Baker Hughes Incorporated (BHI) and Zimmer Biomet …”, Moodys.com published: “Moody’s reviews Baker Hughes for upgrade” on October 31, 2016. More interesting news about Baker Hughes Incorporated (NYSE:BHI) was released by: Schaeffersresearch.com and their article: “Buzz Stocks: Level 3 Communications, Inc., Baker Hughes Incorporated, and …” with publication date: October 31, 2016.
BHI Company Profile
Baker Hughes Incorporated, incorporated on November 3, 1986, is engaged in the oilfield services industry. The Firm is a supplier of oilfield services, products, technology and systems in the oil and natural gas industry around the world. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services. It conducts its activities through its subsidiaries, affiliates, ventures and alliances. The Firm has four geographical operating divisions: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Firm also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business.
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