Baker Hughes Company $BKR Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC boosted its stake in shares of Baker Hughes Company (NASDAQ:BKR) by 10.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,813 shares of the company’s stock after buying an additional 541 shares during the period. Sage Mountain Advisors LLC’s holdings in Baker Hughes were worth $223,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wayfinding Financial LLC acquired a new position in Baker Hughes during the first quarter worth $28,000. Golden State Wealth Management LLC boosted its stake in Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company’s stock worth $30,000 after buying an additional 604 shares during the last quarter. N.E.W. Advisory Services LLC acquired a new position in Baker Hughes during the first quarter worth $30,000. Harbour Investments Inc. boosted its stake in Baker Hughes by 61.7% during the second quarter. Harbour Investments Inc. now owns 854 shares of the company’s stock worth $33,000 after buying an additional 326 shares during the last quarter. Finally, Spire Wealth Management boosted its stake in Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company’s stock worth $36,000 after buying an additional 465 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Industrial Alliance Securities set a $53.00 target price on Baker Hughes in a research report on Wednesday, July 30th. Zephirin Group lifted their target price on Baker Hughes from $37.00 to $40.00 and gave the company a “hold” rating in a research report on Thursday, October 2nd. Capital One Financial lifted their target price on Baker Hughes from $49.00 to $53.00 and gave the company an “overweight” rating in a research report on Tuesday, September 16th. Evercore ISI lifted their target price on Baker Hughes from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Finally, Barclays restated an “overweight” rating on shares of Baker Hughes in a research report on Tuesday, October 14th. Twenty-one analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Baker Hughes currently has an average rating of “Moderate Buy” and a consensus price target of $52.91.

Insider Activity

In other Baker Hughes news, CAO Rebecca L. Charlton sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total transaction of $50,000.00. Following the sale, the chief accounting officer owned 11,772 shares in the company, valued at $588,600. This represents a 7.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Sreeganesh Ramaswamy sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $50.00, for a total value of $1,250,000.00. Following the sale, the executive vice president owned 40,520 shares in the company, valued at approximately $2,026,000. This trade represents a 38.16% decrease in their position. The disclosure for this sale can be found here. 0.27% of the stock is owned by corporate insiders.

Baker Hughes Price Performance

BKR stock opened at $47.30 on Monday. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $46.63 billion, a PE ratio of 16.31, a P/E/G ratio of 2.04 and a beta of 0.99. Baker Hughes Company has a 12-month low of $33.60 and a 12-month high of $50.92. The business’s fifty day moving average price is $46.53 and its 200 day moving average price is $41.75.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Friday, November 18th. The company reported $0.16 earnings per share (EPS) for the quarter. The firm had revenue of $5.09 billion for the quarter. Baker Hughes had a return on equity of 14.22% and a net margin of 10.43%. On average, sell-side analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Tuesday, November 4th will be issued a dividend of $0.23 per share. The ex-dividend date is Tuesday, November 4th. This represents a $0.92 annualized dividend and a yield of 1.9%. Baker Hughes’s dividend payout ratio is 31.72%.

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.