Baker Hughes (NASDAQ:BKR) Shares Purchased by MetLife Investment Management LLC

MetLife Investment Management LLC boosted its stake in shares of Baker Hughes (NASDAQ:BKR) by 1.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 262,056 shares of the company’s stock after buying an additional 3,662 shares during the period. MetLife Investment Management LLC’s holdings in Baker Hughes were worth $10,750,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in BKR. JFS Wealth Advisors LLC raised its holdings in shares of Baker Hughes by 135.9% during the 4th quarter. JFS Wealth Advisors LLC now owns 670 shares of the company’s stock worth $27,000 after acquiring an additional 386 shares during the period. SBI Securities Co. Ltd. purchased a new position in Baker Hughes during the fourth quarter worth about $30,000. Larson Financial Group LLC boosted its holdings in Baker Hughes by 41.2% in the 4th quarter. Larson Financial Group LLC now owns 740 shares of the company’s stock valued at $30,000 after purchasing an additional 216 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in shares of Baker Hughes in the 4th quarter valued at approximately $45,000. Finally, OFI Invest Asset Management acquired a new stake in shares of Baker Hughes during the 4th quarter worth approximately $47,000. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Maria C. Borras sold 8,000 shares of Baker Hughes stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares of the company’s stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.27% of the company’s stock.

Baker Hughes Stock Performance

Shares of BKR opened at $38.86 on Monday. The company has a market capitalization of $38.47 billion, a price-to-earnings ratio of 13.04, 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 quick ratio of 0.94, a current ratio of 1.32 and a debt-to-equity ratio of 0.35. The stock has a 50 day moving average price of $42.34 and a 200 day moving average price of $42.13.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Thursday, January 30th. The company reported $0.70 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%. Research analysts predict that Baker Hughes will post 2.59 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th were given a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.37%. This is a boost from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s payout ratio is 30.87%.

Wall Street Analyst Weigh In

BKR has been the topic of a number of recent analyst reports. Citigroup decreased their price objective on Baker Hughes from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. JPMorgan Chase & Co. increased their price target on Baker Hughes from $50.00 to $52.00 and gave the stock an “overweight” rating in a report on Monday, February 3rd. Evercore ISI boosted their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a report on Wednesday, January 15th. Piper Sandler increased their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an “overweight” rating in a research note on Monday, February 3rd. Finally, Susquehanna decreased their price objective on shares of Baker Hughes from $55.00 to $48.00 and set a “positive” rating on the stock in a report on Monday, April 14th. Two research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus 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.