Baker Hughes Incorporated (NYSE:BHI)‘s stock had its “buy” rating restated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Market Beat.com reports.

Other hedge funds and institutional investors recently bought and sold shares of the company. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its position in Baker Hughes by 57.0% in the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 5,508 shares of the oilfield services provider’s stock valued at $254,000 after buying an additional 2,000 shares during the period. Creative Planning boosted its position in Baker Hughes by 79.3% in the fourth quarter. Creative Planning now owns 5,521 shares of the oilfield services provider’s stock valued at $255,000 after buying an additional 2,441 shares during the period. Mizuho Asset Management Co. Ltd. boosted its position in Baker Hughes by 18.0% in the fourth quarter. Mizuho Asset Management Co. Ltd. now owns 5,573 shares of the oilfield services provider’s stock valued at $257,000 after buying an additional 850 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH boosted its position in Baker Hughes by 117.6% in the fourth quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 7,400 shares of the oilfield services provider’s stock valued at $340,000 after buying an additional 4,000 shares during the period. Finally, Rothschild Investment Corp IL bought a new position in Baker Hughes during the fourth quarter valued at about $346,000.

In other news, VP Richard D. Ward sold 1,440 shares of the stock in a transaction that occurred on Monday, November 23rd. The shares were sold at an average price of $51.47, for a total value of $74,116.80. Following the completion of the transaction, the vice president now directly owns 20,499 shares in the company, valued at $1,055,083.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Baker Hughes (NYSE:BHI) traded down 2.44% during mid-day trading on Monday, hitting $42.45. The stock had a trading volume of 1,569,380 shares. The stock’s market cap is $18.64 billion. Baker Hughes has a one year low of $37.58 and a one year high of $70.45. The company has a 50 day moving average price of $43.43 and a 200 day moving average price of $51.52.

Baker Hughes (NYSE:BHI) last released its quarterly earnings data on Thursday, January 28th. The oilfield services provider reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by $0.11. The firm earned $3.40 billion during the quarter, compared to analyst estimates of $3.47 billion. During the same period last year, the firm posted $1.44 EPS. The firm’s revenue was down 48.8% on a year-over-year basis. On average, equities analysts anticipate that Baker Hughes will post ($0.35) EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 23rd. Stockholders of record on Wednesday, March 2nd will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Monday, February 29th.

A number of other research firms also recently commented on BHI. Jefferies Group dropped their price objective on Baker Hughes from $61.00 to $53.00 and set a “buy” rating for the company in a report on Friday. Robert W. Baird decreased their price target on shares of Baker Hughes from $60.00 to $51.00 in a research report on Thursday, January 21st. Zacks Investment Research cut shares of Baker Hughes from a “hold” rating to a “sell” rating in a research report on Wednesday, October 7th. Iberia Capital decreased their price target on shares of Baker Hughes from $60.00 to $53.00 and set an “outperform” rating for the company in a research report on Friday. Finally, Seaport Global Securities raised shares of Baker Hughes from a “neutral” rating to an “accumulate” rating and set a $72.00 price target for the company in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nineteen have given a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $62.91.

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.

12 Month Chart for NYSE:BHI

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