Baker Hughes (NASDAQ:BKR) Stock Holdings Increased by Adams Natural Resources Fund Inc.

Adams Natural Resources Fund Inc. boosted its holdings in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 428,100 shares of the company's stock after acquiring an additional 29,300 shares during the period. Baker Hughes accounts for about 2.8% of Adams Natural Resources Fund Inc.'s investment portfolio, making the stock its 9th largest holding. Adams Natural Resources Fund Inc.'s holdings in Baker Hughes were worth $17,561,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. JFS Wealth Advisors LLC increased its holdings in shares of Baker Hughes by 135.9% during the fourth quarter. JFS Wealth Advisors LLC now owns 670 shares of the company's stock valued at $27,000 after acquiring an additional 386 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in Baker Hughes during the 4th quarter valued at about $30,000. Larson Financial Group LLC raised its holdings in Baker Hughes by 41.2% in the fourth quarter. Larson Financial Group LLC now owns 740 shares of the company's stock worth $30,000 after buying an additional 216 shares during the last quarter. True Wealth Design LLC lifted its stake in shares of Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company's stock worth $31,000 after buying an additional 829 shares in the last quarter. Finally, Groupama Asset Managment grew its holdings in shares of Baker Hughes by 1,045.1% during the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock valued at $32,000 after buying an additional 811,711 shares during the last quarter. Institutional investors own 92.06% of the company's stock.

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Insider Activity

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 transaction of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares in the company, 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 filing with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company's stock.

Analyst Ratings Changes

BKR has been the topic of several recent analyst reports. Bank of America increased their target price on Baker Hughes from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Wells Fargo & Company increased their price objective on Baker Hughes from $49.00 to $54.00 and gave the company an "overweight" rating in a research report on Monday, February 3rd. The Goldman Sachs Group boosted their target price on Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Atb Cap Markets downgraded shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a report on Tuesday, December 10th. Finally, Piper Sandler boosted their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company an "overweight" rating in a report on Monday, February 3rd. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $51.06.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded up $0.58 during mid-day trading on Tuesday, reaching $45.18. 7,541,276 shares of the company traded hands, compared to its average volume of 6,275,394. The company's 50 day moving average price is $44.97 and its 200-day moving average price is $41.58. The firm has a market cap of $44.73 billion, a PE ratio of 15.16, a PEG ratio of 2.00 and a beta of 1.30. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. 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 posted its quarterly 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, equities analysts expect that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Tuesday, February 11th were issued 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 dividend on an annualized basis and a yield of 2.04%. Baker Hughes's dividend payout ratio (DPR) is currently 30.87%.

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.