Sanctuary Advisors LLC Sells 2,285 Shares of Baker Hughes (NASDAQ:BKR)

Sanctuary Advisors LLC cut its holdings in Baker Hughes (NASDAQ:BKR) by 2.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,676 shares of the company’s stock after selling 2,285 shares during the quarter. Sanctuary Advisors LLC’s holdings in Baker Hughes were worth $3,821,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. JFS Wealth Advisors LLC lifted its holdings in Baker Hughes by 135.9% in the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after buying an additional 386 shares during the period. Nkcfo LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $839,000. Sheaff Brock Investment Advisors LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $7,785,000. Secured Retirement Advisors LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $1,025,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $640,000. 92.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on BKR. Wells Fargo & Company lifted their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the company an “overweight” rating in a report on Monday, February 3rd. Atb Cap Markets lowered shares of Baker Hughes from a “strong-buy” rating to a “hold” rating in a report on Tuesday, December 10th. TD Cowen lowered their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group boosted their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, January 3rd. Finally, 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 report on Tuesday, February 4th. Two analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to MarketBeat, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average price target of $51.06.

Baker Hughes Trading Down 2.7 %

NASDAQ:BKR opened at $45.62 on Friday. 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 has a 12 month low of $28.88 and a 12 month high of $49.40. The company has a market cap of $45.17 billion, a PE ratio of 15.31, a price-to-earnings-growth ratio of 2.06 and a beta of 1.39. The company has a 50 day simple moving average of $44.28 and a two-hundred day simple moving average of $40.16.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, beating 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%. Research analysts forecast that Baker Hughes will post 2.59 earnings per share 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 given a dividend of $0.23 per share. This is an increase 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 2.02%. Baker Hughes’s payout ratio is presently 30.87%.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of the business’s 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 completion of the sale, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.