Baker Hughes (NASDAQ:BKR) Stock Holdings Raised by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in Baker Hughes (NASDAQ:BKR) by 25.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 131,784 shares of the company’s stock after purchasing an additional 26,698 shares during the period. NEOS Investment Management LLC’s holdings in Baker Hughes were worth $5,406,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BKR. Raymond James Financial Inc. acquired a new stake in shares of Baker Hughes during the 4th quarter valued at approximately $291,289,000. Hotchkis & Wiley Capital Management LLC raised its holdings in shares of Baker Hughes by 34.7% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock worth $394,775,000 after purchasing an additional 2,811,940 shares during the period. Congress Asset Management Co. bought a new position in shares of Baker Hughes in the 4th quarter worth about $107,155,000. Yaupon Capital Management LP acquired a new position in shares of Baker Hughes in the 3rd quarter valued at about $47,296,000. Finally, Natixis Advisors LLC grew its position in shares of Baker Hughes by 217.5% during the 4th quarter. Natixis Advisors LLC now owns 1,728,450 shares of the company’s stock valued at $70,901,000 after buying an additional 1,184,036 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Insider Transactions at Baker Hughes

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.25% of the stock is owned by insiders.

Baker Hughes Price Performance

Shares of Baker Hughes stock opened at $43.63 on Friday. Baker Hughes has a 52 week low of $30.93 and a 52 week 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 stock has a market cap of $43.20 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 2.00 and a beta of 1.30. The company’s 50-day moving average price is $44.88 and its two-hundred day moving average price is $41.61.

Baker Hughes (NASDAQ:BKR) last released its earnings results on Thursday, January 30th. The company reported $0.70 EPS 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%. As a group, sell-side analysts anticipate that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

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

Analysts Set New Price Targets

BKR has been the subject of a number of research reports. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Barclays boosted 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. Stifel Nicolaus increased their target price on Baker Hughes from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Royal Bank of Canada boosted their price target on shares of Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Wells Fargo & Company increased their price objective on shares of Baker Hughes from $49.00 to $54.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $51.06.

Baker Hughes Company 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.