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Baker Hughes saw increased investment and raised its dividend, boosting shares valued at $44.15 billion.
Connable Office Inc. bought 33,719 shares of Baker Hughes (BKR) in the fourth quarter, valued at about $1.38 million.
Several other institutional investors have also increased their holdings in Baker Hughes.
The company reported earnings per share of $0.70, surpassing expectations, and raised its quarterly dividend to $0.23 per share.
With a "Moderate Buy" rating and a price target of $51.06, Baker Hughes currently has a market cap of $44.15 billion and a P/E ratio of 14.96.
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Baker Hughes vio aumentar la inversión y aumentó su dividendo, aumentando las acciones valoradas en $44,15 mil millones.