Sage Mountain Advisors LLC Buys New Shares in Baker Hughes (NASDAQ:BKR)

Sage Mountain Advisors LLC bought a new stake in Baker Hughes (NASDAQ:BKR) during the 4th quarter, HoldingsChannel.com reports. The fund bought 6,440 shares of the company’s stock, valued at approximately $264,000.

Other hedge funds have also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its position in Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after purchasing an additional 386 shares during the period. Ashton Thomas Securities LLC acquired a new stake in Baker Hughes during the 3rd quarter worth about $30,000. SBI Securities Co. Ltd. acquired a new stake in Baker Hughes during the 4th quarter worth about $30,000. Larson Financial Group LLC grew its position in Baker Hughes by 41.2% during the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock worth $30,000 after purchasing an additional 216 shares during the period. Finally, True Wealth Design LLC grew its position in Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after purchasing an additional 829 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have weighed in on BKR. Barclays increased their price target on Baker Hughes from $51.00 to $55.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 4th. Susquehanna raised their target price on Baker Hughes from $53.00 to $55.00 and gave the company a “positive” rating in a research report on Monday, February 3rd. Benchmark restated a “buy” rating and set a $57.00 target price on shares of Baker Hughes in a research report on Tuesday, February 11th. Stifel Nicolaus raised their target price on Baker Hughes from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Finally, TD Cowen dropped their target price on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Two equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $51.06.

Baker Hughes Trading Up 1.5 %

Shares of Baker Hughes stock opened at $42.48 on Thursday. The firm has a market capitalization of $42.06 billion, a PE ratio of 14.26, a P/E/G ratio of 2.00 and a beta of 1.30. Baker Hughes has a twelve month low of $30.93 and a twelve month high of $49.40. The firm’s 50-day moving average price is $44.87 and its 200 day moving average price is $40.95. The company has a current ratio of 1.32, a quick ratio of 0.94 and a debt-to-equity ratio of 0.35.

Baker Hughes (NASDAQ:BKR) last released 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 net margin of 10.70% and a return on equity of 14.58%. On average, sell-side analysts predict that Baker Hughes will post 2.59 EPS 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 paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 2.17%. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, February 11th. Baker Hughes’s dividend payout ratio (DPR) is 30.87%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value 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 trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.25% of the company’s stock.

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.