Mariner LLC Acquires 17,133 Shares of Baker Hughes (NASDAQ:BKR)

Mariner LLC boosted its stake in shares of Baker Hughes (NASDAQ:BKR) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 830,588 shares of the company’s stock after purchasing an additional 17,133 shares during the quarter. Mariner LLC’s holdings in Baker Hughes were worth $34,069,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Summit Investment Advisors Inc. grew its holdings in Baker Hughes by 2.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 41,125 shares of the company’s stock valued at $1,687,000 after buying an additional 1,170 shares in the last quarter. Sagespring Wealth Partners LLC acquired a new position in shares of Baker Hughes in the fourth quarter valued at about $523,000. Townsquare Capital LLC increased its position in Baker Hughes by 8.3% during the fourth quarter. Townsquare Capital LLC now owns 23,345 shares of the company’s stock worth $958,000 after acquiring an additional 1,794 shares during the period. Black Cypress Capital Management LLC raised its stake in Baker Hughes by 0.4% in the 4th quarter. Black Cypress Capital Management LLC now owns 103,624 shares of the company’s stock worth $4,251,000 after purchasing an additional 373 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Baker Hughes by 20.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 37,591 shares of the company’s stock valued at $1,538,000 after purchasing an additional 6,375 shares during the period. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Baker Hughes news, EVP Maria C. Borras sold 8,000 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $44.77, for a total transaction of $358,160.00. Following the completion of the sale, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.25% of the company’s stock.

Baker Hughes Trading Up 0.9 %

Shares of NASDAQ BKR opened at $38.16 on Wednesday. The firm has a 50 day moving average price of $42.83 and a two-hundred day moving average price of $42.06. The stock has a market cap of $37.78 billion, a P/E ratio of 12.81, a price-to-earnings-growth ratio of 2.00 and a beta of 1.08. 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 quick ratio of 0.94 and a current ratio of 1.32.

Baker Hughes (NASDAQ:BKR) last announced its earnings results on Thursday, January 30th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.63 by $0.07. Baker Hughes had a return on equity of 14.58% and a net margin of 10.70%. As a group, equities analysts forecast that Baker Hughes will post 2.59 EPS for the current year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 2.41%. The ex-dividend date of this dividend was Tuesday, February 11th. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio is currently 30.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Piper Sandler lifted their price target on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a research report on Monday, February 3rd. Benchmark reissued a “buy” rating and set a $57.00 target price on shares of Baker Hughes in a report on Tuesday, February 11th. The Goldman Sachs Group boosted their price target on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Royal Bank of Canada raised their target price on shares of Baker Hughes from $49.00 to $53.00 and gave the company an “outperform” rating in a report on Monday, February 3rd. Finally, Jefferies Financial Group boosted their target price on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $50.65.

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.