Level Four Advisory Services LLC Has $707,000 Stock Holdings in Baker Hughes (NASDAQ:BKR)

Level Four Advisory Services LLC boosted its position in Baker Hughes (NASDAQ:BKR) by 124.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 17,225 shares of the company’s stock after purchasing an additional 9,564 shares during the period. Level Four Advisory Services LLC’s holdings in Baker Hughes were worth $707,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $3,890,000. Blair William & Co. IL lifted its holdings in Baker Hughes by 14.9% during the 4th quarter. Blair William & Co. IL now owns 9,405 shares of the company’s stock valued at $386,000 after purchasing an additional 1,223 shares during the last quarter. Norges Bank bought a new position in Baker Hughes during the fourth quarter worth $829,092,000. LM Advisors LLC bought a new position in Baker Hughes during the fourth quarter worth $359,000. Finally, NEOS Investment Management LLC increased its holdings in shares of Baker Hughes by 25.4% in the fourth quarter. NEOS Investment Management LLC now owns 131,784 shares of the company’s stock valued at $5,406,000 after purchasing an additional 26,698 shares during the last quarter. Institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

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 directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.

Baker Hughes Price Performance

BKR stock opened at $43.08 on Monday. The company’s 50-day moving average price is $44.81 and its two-hundred day moving average price is $41.79. Baker Hughes has a 12 month low of $30.93 and a 12 month high of $49.40. The company has a quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The firm has a market cap of $42.65 billion, a P/E ratio of 14.46, a P/E/G ratio of 2.00 and a beta of 1.30.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings data on Thursday, January 30th. The company reported $0.70 earnings per share (EPS) 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%. On average, 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 given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 2.14%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend was Tuesday, February 11th. Baker Hughes’s dividend payout ratio is currently 30.87%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on BKR shares. TD Cowen cut their target price on shares of Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Piper Sandler boosted their price objective on Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Bank of America lifted their price target on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Barclays upped their price objective on Baker Hughes from $51.00 to $55.00 and gave the company an “overweight” rating in a report on Tuesday, February 4th. Two investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.