5,745 Shares in Baker Hughes (NASDAQ:BKR) Purchased by Frank Rimerman Advisors LLC

Frank Rimerman Advisors LLC purchased a new stake in Baker Hughes (NASDAQ:BKR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,745 shares of the company’s stock, valued at approximately $236,000.

Several other institutional investors and hedge funds also recently modified their holdings of BKR. Atria Investments Inc increased its position in shares of Baker Hughes by 11.3% in the third quarter. Atria Investments Inc now owns 14,822 shares of the company’s stock worth $536,000 after acquiring an additional 1,505 shares in the last quarter. Natixis Advisors LLC boosted its stake in Baker Hughes by 13.9% during the 3rd quarter. Natixis Advisors LLC now owns 544,414 shares of the company’s stock valued at $19,681,000 after acquiring an additional 66,444 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in Baker Hughes by 90.4% during the 3rd quarter. Thrivent Financial for Lutherans now owns 447,673 shares of the company’s stock valued at $16,183,000 after acquiring an additional 212,520 shares during the last quarter. AMG National Trust Bank lifted its position in shares of Baker Hughes by 18.7% in the 3rd quarter. AMG National Trust Bank now owns 9,438 shares of the company’s stock worth $341,000 after buying an additional 1,487 shares during the last quarter. Finally, Quest Partners LLC increased its holdings in shares of Baker Hughes by 446,900.0% in the 3rd quarter. Quest Partners LLC now owns 4,470 shares of the company’s stock worth $162,000 after acquiring an additional 4,469 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on BKR shares. Susquehanna raised their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a research report on Monday, February 3rd. Jefferies Financial Group lifted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Evercore ISI lifted their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 15th. Bank of America boosted their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.06.

Baker Hughes Price Performance

Shares of BKR opened at $43.88 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.94 and a current ratio of 1.32. Baker Hughes has a 52-week low of $30.93 and a 52-week high of $49.40. The business’s 50 day moving average price is $44.90 and its two-hundred day moving average price is $41.15. The firm has a market cap of $43.45 billion, a PE ratio of 14.72, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30.

Baker Hughes (NASDAQ:BKR) last issued its earnings results on Thursday, January 30th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates 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, equities analysts anticipate 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. Shareholders of record on Tuesday, February 11th were paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date was Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio is 30.87%.

Insider Buying and Selling at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

About Baker Hughes

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.