Mariner LLC Acquires 17,133 Shares of Baker Hughes (NASDAQ:BKR)

Mariner LLC increased its position in Baker Hughes (NASDAQ:BKR - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 830,588 shares of the company's stock after purchasing an additional 17,133 shares during the quarter. Mariner LLC owned approximately 0.08% of Baker Hughes worth $34,069,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the company. Morse Asset Management Inc bought a new stake in shares of Baker Hughes during the 3rd quarter worth about $1,263,000. MML Investors Services LLC grew its position in shares of Baker Hughes by 14.6% in the third quarter. MML Investors Services LLC now owns 17,340 shares of the company's stock valued at $627,000 after purchasing an additional 2,214 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Baker Hughes by 92.0% during the third quarter. Sanctuary Advisors LLC now owns 87,961 shares of the company's stock worth $3,180,000 after purchasing an additional 42,148 shares during the period. Wilmington Savings Fund Society FSB acquired a new stake in Baker Hughes during the 3rd quarter worth approximately $139,000. Finally, Birmingham Capital Management Co. Inc. AL boosted its stake in Baker Hughes by 18.5% in the 3rd quarter. Birmingham Capital Management Co. Inc. AL now owns 16,000 shares of the company's stock valued at $578,000 after purchasing an additional 2,500 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Baker Hughes Trading Down 2.1 %

NASDAQ BKR traded down $0.83 on Monday, reaching $38.08. The company had a trading volume of 710,015 shares, compared to its average volume of 6,854,430. The firm has a market cap of $37.71 billion, a price-to-earnings ratio of 12.78, a P/E/G ratio of 2.00 and a beta of 1.08. Baker Hughes has a fifty-two week low of $30.93 and a fifty-two week high of $49.40. The business has a 50 day moving average of $42.34 and a two-hundred day moving average of $42.13. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. Analysts forecast that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The company 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. The ex-dividend date was Tuesday, February 11th. This is a boost from Baker Hughes's previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 2.42%. Baker Hughes's dividend payout ratio is 30.87%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their target price on shares of Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. Citigroup reduced their price target on Baker Hughes from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group raised their price target on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Jefferies Financial Group lifted their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Stifel Nicolaus reduced their target price on Baker Hughes from $54.00 to $52.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.65.

Insider Buying and Selling

In related news, EVP Maria C. Borras sold 8,000 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was 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. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is owned by insiders.

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.