V Square Quantitative Management LLC Sells 727 Shares of Baker Hughes (NASDAQ:BKR)

V Square Quantitative Management LLC decreased its position in Baker Hughes (NASDAQ:BKR) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,107 shares of the company’s stock after selling 727 shares during the quarter. V Square Quantitative Management LLC’s holdings in Baker Hughes were worth $866,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $205,000. Avestar Capital LLC raised its holdings in shares of Baker Hughes by 11.0% during the fourth quarter. Avestar Capital LLC now owns 7,844 shares of the company’s stock valued at $322,000 after purchasing an additional 775 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Baker Hughes by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,541,076 shares of the company’s stock valued at $230,271,000 after purchasing an additional 45,324 shares during the last quarter. Summit Trail Advisors LLC raised its holdings in shares of Baker Hughes by 44.1% during the fourth quarter. Summit Trail Advisors LLC now owns 9,340 shares of the company’s stock valued at $383,000 after purchasing an additional 2,858 shares during the last quarter. Finally, Paladin Wealth LLC purchased a new position in shares of Baker Hughes during the fourth quarter valued at approximately $456,000. Institutional investors own 92.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.25% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Susquehanna increased their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the stock a “positive” rating in a research report on Monday, February 3rd. Citigroup raised their price objective on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. TD Cowen decreased their price objective on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Evercore ISI raised their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Finally, Stifel Nicolaus raised their price objective on shares of Baker Hughes from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Monday, February 3rd. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, Baker Hughes presently has a consensus rating of “Moderate Buy” and an average price target of $51.06.

Baker Hughes Stock Up 0.5 %

BKR opened at $46.40 on Friday. 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 stock has a market capitalization of $45.91 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.07 and a beta of 1.39. The business has a 50-day moving average of $43.71 and a two-hundred day moving average of $39.78. Baker Hughes has a 12 month low of $28.66 and a 12 month high of $49.40.

Baker Hughes (NASDAQ:BKR) last issued its earnings results 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%. On average, research analysts expect that Baker Hughes will post 2.57 earnings per share for the current year.

Baker Hughes Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Investors of record on Tuesday, February 11th will be given a dividend of $0.23 per share. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 annualized dividend and a dividend yield of 1.98%. The ex-dividend date of this dividend is Tuesday, February 11th. Baker Hughes’s dividend payout ratio is currently 30.87%.

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.