Adams Natural Resources Fund Inc. boosted its holdings in shares of Baker Hughes (NASDAQ:BKR – Get Rating) by 18.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 202,800 shares of the company's stock after purchasing an additional 30,900 shares during the period. Baker Hughes comprises approximately 0.9% of Adams Natural Resources Fund Inc.'s holdings, making the stock its 22nd largest holding. Adams Natural Resources Fund Inc.'s holdings in Baker Hughes were worth $5,989,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Red Tortoise LLC purchased a new position in shares of Baker Hughes during the 4th quarter worth approximately $32,000. Ameliora Wealth Management Ltd. purchased a new stake in shares of Baker Hughes in the 3rd quarter worth approximately $47,000. Sandy Spring Bank purchased a new stake in shares of Baker Hughes in the 3rd quarter worth approximately $48,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of Baker Hughes in the 4th quarter worth approximately $48,000. Finally, Covestor Ltd grew its stake in shares of Baker Hughes by 104.7% in the 1st quarter. Covestor Ltd now owns 1,349 shares of the company's stock worth $49,000 after buying an additional 690 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Baker Hughes Price Performance

NASDAQ:BKR opened at $29.66 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.90 and a current ratio of 1.32. Baker Hughes has a one year low of $20.42 and a one year high of $38.65. The business has a fifty day moving average price of $29.54 and a 200-day moving average price of $29.07.

Baker Hughes (NASDAQ:BKR – Get Rating) last posted its quarterly earnings data on Wednesday, April 19th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.26 by $0.02. The firm had revenue of $5.72 billion during the quarter, compared to analyst estimates of $5.52 billion. Baker Hughes had a positive return on equity of 7.13% and a negative net margin of 0.44%. Baker Hughes's revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.15 EPS. Analysts anticipate that Baker Hughes will post 1.52 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 17th. Shareholders of record on Monday, February 6th were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, February 3rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.56%. Baker Hughes's dividend payout ratio is presently -690.91%.

Analyst Upgrades and Downgrades

BKR has been the topic of several recent research reports. Benchmark initiated coverage on Baker Hughes in a research note on Thursday, January 19th. They issued a "buy" rating and a $36.00 price target on the stock. Evercore ISI upped their price target on Baker Hughes from $37.00 to $38.00 and gave the stock an "outperform" rating in a research note on Thursday. HSBC upped their price objective on Baker Hughes from $39.00 to $40.00 in a research report on Friday. Morgan Stanley upped their price objective on Baker Hughes from $32.00 to $35.00 and gave the company an "overweight" rating in a research report on Wednesday, January 4th. Finally, Piper Sandler raised Baker Hughes from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $34.00 to $43.00 in a research report on Wednesday, February 15th. Two equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $35.63.

Insider Buying and Selling at Baker Hughes

In other Baker Hughes news, EVP Maria C. Borras sold 9,811 shares of the firm's stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $30.93, for a total transaction of $303,454.23. Following the sale, the executive vice president now directly owns 59,463 shares of the company's stock, valued at $1,839,190.59. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.24% of the company's stock.

Baker Hughes Company Profile

(Get Rating)

Baker Hughes Co is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the Oilfield Services and Equipment (OFSE) and industrial and Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides services for onshore and offshore oilfield operations.

Read More

• Get a free copy of the StockNews.com research report on Baker Hughes (BKR)
• MarketBeat Week in Review – 4/17 – 4/21
• 2 Industrial Strength Dividend Stocks Melting Up
• Proctor & Gamble Is Going To Set A New High
• AutoNation's Plans are Keeping Analysts Around
• Netflix Increases Buybacks: Can It Complete A Reversal In 2023?

Receive News & Ratings for Baker Hughes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes and related companies with MarketBeat.com's FREE daily email newsletter.