Baker Hughes (NASDAQ:BKR) Stake Trimmed by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC lowered its position in shares of Baker Hughes (NASDAQ:BKR - Free Report) by 40.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,904 shares of the company's stock after selling 7,969 shares during the period. Sequoia Financial Advisors LLC's holdings in Baker Hughes were worth $488,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC grew its position 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 worth $27,000 after buying an additional 386 shares in the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of Baker Hughes during the fourth quarter worth approximately $30,000. Larson Financial Group LLC boosted 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 purchasing an additional 216 shares during the period. True Wealth Design LLC boosted its holdings in 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 purchasing an additional 829 shares during the period. Finally, Groupama Asset Managment boosted its holdings in Baker Hughes by 1,045.1% in the third quarter. Groupama Asset Managment now owns 889,378 shares of the company's stock worth $32,000 after purchasing an additional 811,711 shares during the period. Hedge funds and other institutional investors own 92.06% of the company's stock.

Baker Hughes Stock Performance

Shares of NASDAQ BKR traded down $0.58 during midday trading on Friday, reaching $44.11. 20,138,327 shares of the company traded hands, compared to its average volume of 6,281,327. Baker Hughes has a 52 week low of $30.93 and a 52 week high of $49.40. The stock has a 50-day moving average price of $44.97 and a 200 day moving average price of $41.32. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.32 and a quick ratio of 0.94. The company has a market cap of $43.67 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 2.00 and a beta of 1.30.

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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 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%. Sell-side analysts anticipate that Baker Hughes will post 2.59 earnings per share for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Tuesday, February 11th were paid a dividend of $0.23 per share. 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 dividend yield of 2.09%. The ex-dividend date was Tuesday, February 11th. Baker Hughes's payout ratio is currently 30.87%.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

BKR has been the subject of a number of research reports. Susquehanna lifted their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the stock a "positive" rating in a report on Monday, February 3rd. The Goldman Sachs Group lifted their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Baker Hughes from $50.00 to $52.00 and gave the stock an "overweight" rating in a report on Monday, February 3rd. Bank of America lifted their price objective on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Barclays lifted 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 investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $51.06.

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.