LM Advisors LLC Invests $359,000 in Baker Hughes (NASDAQ:BKR)

LM Advisors LLC bought a new stake in Baker Hughes (NASDAQ:BKR - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,750 shares of the company's stock, valued at approximately $359,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. JFS Wealth Advisors LLC grew its holdings in shares of 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 in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Baker Hughes during the 4th quarter worth approximately $30,000. Larson Financial Group LLC grew its holdings in shares of 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 in the last quarter. Kestra Investment Management LLC acquired a new stake in shares of Baker Hughes during the 4th quarter worth approximately $45,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Baker Hughes during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BKR shares. Benchmark reissued a "buy" rating and set a $57.00 price objective on shares of Baker Hughes in a report on Tuesday, February 11th. Evercore ISI cut their target price on Baker Hughes from $52.00 to $50.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Susquehanna cut their target price on Baker Hughes from $48.00 to $46.00 and set a "positive" rating for the company in a research report on Thursday, April 24th. Piper Sandler cut their target price on Baker Hughes from $53.00 to $50.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Finally, Barclays cut their target price on Baker Hughes from $54.00 to $48.00 and set an "overweight" rating for the company in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $49.11.

Baker Hughes Price Performance

BKR traded down $0.54 during trading on Friday, hitting $36.82. The company's stock had a trading volume of 11,354,489 shares, compared to its average volume of 7,093,692. The firm's 50 day moving average price is $37.95 and its two-hundred day moving average price is $41.76. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The stock has a market capitalization of $36.48 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 2.00 and a beta of 0.96.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.03. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. The firm had revenue of $6.43 billion during the quarter, compared to the consensus estimate of $6.54 billion. Sell-side analysts forecast that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Tuesday, May 6th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, May 6th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.50%. Baker Hughes's payout ratio is currently 31.40%.

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.