Hixon Zuercher LLC Acquires 3,574 Shares of Baker Hughes (NASDAQ:BKR)

Hixon Zuercher LLC increased its stake in Baker Hughes (NASDAQ:BKR) by 6.5% in the 4th quarter, HoldingsChannel reports. The fund owned 58,359 shares of the company’s stock after acquiring an additional 3,574 shares during the period. Hixon Zuercher LLC’s holdings in Baker Hughes were worth $2,394,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC bought a new position in shares of Baker Hughes during the third quarter valued at approximately $30,000. True Wealth Design LLC increased its stake in Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock worth $31,000 after purchasing an additional 829 shares during the period. Continuum Advisory LLC lifted its position in shares of Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares during the last quarter. Quarry LP boosted its stake in shares of Baker Hughes by 81.1% during the second quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after purchasing an additional 714 shares during the period. Finally, Eastern Bank grew its holdings in shares of Baker Hughes by 598.4% in the fourth quarter. Eastern Bank now owns 1,739 shares of the company’s stock worth $71,000 after purchasing an additional 1,490 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Insider Transactions at Baker Hughes

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

Analyst Ratings Changes

BKR has been the topic of several research analyst reports. Stifel Nicolaus increased their price objective on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research note on Monday, November 25th. Benchmark reaffirmed a “buy” rating and issued a $42.00 price objective on shares of Baker Hughes in a research report on Thursday, October 24th. 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. Argus raised shares of Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Finally, Wells Fargo & Company raised their target price on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and a consensus target price of $48.06.

Baker Hughes Stock Performance

Shares of BKR stock opened at $44.60 on Friday. The company has a market cap of $44.13 billion, a price-to-earnings ratio of 20.00, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.47. The stock has a 50 day simple moving average of $43.00 and a 200-day simple moving average of $38.96. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Baker Hughes (NASDAQ:BKR) last released its earnings results 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 8.20% and a return on equity of 13.77%. On average, equities analysts forecast that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 21st. Stockholders of record on Tuesday, February 11th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.06%. This is an increase from Baker Hughes’s previous quarterly dividend of $0.21. Baker Hughes’s dividend payout ratio (DPR) is 37.67%.

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.