LM Advisors LLC Buys Shares of 8,750 Baker Hughes (NASDAQ:BKR)

LM Advisors LLC purchased a new position in Baker Hughes (NASDAQ:BKR) during the fourth quarter, Holdings Channel.com reports. The firm purchased 8,750 shares of the company’s stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. NEOS Investment Management LLC increased its holdings in Baker Hughes by 25.4% in the fourth quarter. NEOS Investment Management LLC now owns 131,784 shares of the company’s stock worth $5,406,000 after buying an additional 26,698 shares during the last quarter. UniSuper Management Pty Ltd grew its position in Baker Hughes by 13.3% in the fourth quarter. UniSuper Management Pty Ltd now owns 84,220 shares of the company’s stock worth $3,455,000 after acquiring an additional 9,876 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Baker Hughes by 8.2% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,656,467 shares of the company’s stock worth $70,665,000 after purchasing an additional 124,937 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Baker Hughes by 38.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 74,409 shares of the company’s stock valued at $3,052,000 after purchasing an additional 20,724 shares in the last quarter. Finally, Baxter Bros Inc. acquired a new stake in shares of Baker Hughes in the 4th quarter valued at $254,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.25% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BKR. Piper Sandler raised their target price on Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Jefferies Financial Group boosted their target price on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Evercore ISI increased their price target on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Barclays boosted their price objective on shares of Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 4th. Finally, Wells Fargo & Company raised their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research note on Monday, February 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $51.06.

Baker Hughes Stock Down 0.9 %

NASDAQ BKR opened at $43.63 on Friday. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. The stock has a market cap of $43.20 billion, a PE ratio of 14.64, a PEG ratio of 2.00 and a beta of 1.30. The firm has a 50-day simple moving average of $44.88 and a 200 day simple moving average of $41.61.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. On average, research analysts forecast that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were paid a $0.23 dividend. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.11%. Baker Hughes’s dividend payout ratio is currently 30.87%.

Baker Hughes Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.