Baker Hughes (NASDAQ:BKR) Shares Purchased by Metis Global Partners LLC

Metis Global Partners LLC boosted its position in Baker Hughes (NASDAQ:BKR) by 5.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 77,151 shares of the company’s stock after purchasing an additional 4,066 shares during the period. Metis Global Partners LLC’s holdings in Baker Hughes were worth $3,165,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. West Michigan Advisors LLC acquired a new stake in Baker Hughes in the fourth quarter worth approximately $247,000. US Bancorp DE lifted its position in shares of Baker Hughes by 2.1% during the 4th quarter. US Bancorp DE now owns 77,225 shares of the company’s stock valued at $3,168,000 after acquiring an additional 1,573 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of Baker Hughes during the 4th quarter valued at $440,000. Flputnam Investment Management Co. lifted its position in shares of Baker Hughes by 0.7% during the 4th quarter. Flputnam Investment Management Co. now owns 136,043 shares of the company’s stock valued at $5,580,000 after acquiring an additional 990 shares during the last quarter. Finally, Dynasty Wealth Management LLC lifted its position in shares of Baker Hughes by 2.7% during the 4th quarter. Dynasty Wealth Management LLC now owns 7,904 shares of the company’s stock valued at $324,000 after acquiring an additional 207 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Up 2.3 %

NASDAQ BKR opened at $44.59 on Friday. Baker Hughes has a 1-year low of $29.30 and a 1-year high of $49.40. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $44.15 billion, a PE ratio of 14.96, a price-to-earnings-growth ratio of 2.00 and a beta of 1.39. The firm’s fifty day simple moving average is $44.62 and its 200-day simple moving average is $40.53.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a net margin of 10.70% and a return on equity of 14.58%. As a group, sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.06%. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is presently 30.87%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BKR shares. Jefferies Financial Group increased their price objective on Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $50.00 to $52.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Bank of America increased their price objective on Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Barclays increased their price objective on Baker Hughes from $51.00 to $55.00 and gave the company an “overweight” rating in a research report on Tuesday, February 4th. Two equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $51.06.

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.