F&V Capital Management LLC Has $9.44 Million Holdings in Baker Hughes (NASDAQ:BKR)

F&V Capital Management LLC increased its holdings in Baker Hughes (NASDAQ:BKR) by 0.1% during the fourth quarter, HoldingsChannel reports. The fund owned 230,000 shares of the company’s stock after acquiring an additional 330 shares during the quarter. Baker Hughes accounts for about 2.5% of F&V Capital Management LLC’s investment portfolio, making the stock its 22nd biggest holding. F&V Capital Management LLC’s holdings in Baker Hughes were worth $9,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of the stock. Creative Planning boosted its holdings in shares of Baker Hughes by 36.5% in the 2nd quarter. Creative Planning now owns 61,976 shares of the company’s stock worth $2,180,000 after buying an additional 16,582 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Baker Hughes by 39.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,227 shares of the company’s stock valued at $360,000 after acquiring an additional 2,898 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of Baker Hughes during the 2nd quarter valued at approximately $1,505,000. Park Avenue Securities LLC raised its stake in shares of Baker Hughes by 6.0% in the third quarter. Park Avenue Securities LLC now owns 26,703 shares of the company’s stock valued at $965,000 after buying an additional 1,501 shares during the period. Finally, Quent Capital LLC grew its stake in shares of Baker Hughes by 97.0% during the 3rd quarter. Quent Capital LLC now owns 3,265 shares of the company’s stock worth $118,000 after acquiring an additional 1,608 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Up 2.6 %

Shares of NASDAQ BKR opened at $47.40 on Tuesday. Baker Hughes has a 1 year low of $28.32 and a 1 year high of $47.60. 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 firm has a 50-day moving average of $43.03 and a 200 day moving average of $39.12. The stock has a market cap of $46.90 billion, a P/E ratio of 15.91, a price-to-earnings-growth ratio of 0.89 and a beta of 1.39.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Thursday, January 30th. The company reported $0.70 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%. As a group, sell-side analysts expect that Baker Hughes will post 2.55 EPS for the current fiscal year.

Baker Hughes Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be paid a $0.23 dividend. The ex-dividend date is Tuesday, February 11th. This is a positive change from Baker Hughes’s previous quarterly dividend of $0.21. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.94%. Baker Hughes’s payout ratio is currently 28.19%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on BKR shares. BMO Capital Markets increased their target price on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Citigroup increased their price objective on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Piper Sandler upped their price objective on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “overweight” rating in a research note on Monday. Evercore ISI boosted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 15th. Finally, TD Cowen reduced their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, Baker Hughes presently has an average rating of “Moderate Buy” and an average price target of $50.00.

Insider Buying and Selling

In other news, EVP Maria C. Borras sold 8,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were 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 owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is currently owned by corporate insiders.

About Baker Hughes

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.