HB Wealth Management LLC Acquires 1,589 Shares of Baker Hughes (NASDAQ:BKR)

HB Wealth Management LLC boosted its holdings in Baker Hughes (NASDAQ:BKR) by 6.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 26,969 shares of the company’s stock after acquiring an additional 1,589 shares during the quarter. HB Wealth Management LLC’s holdings in Baker Hughes were worth $1,106,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Hotchkis & Wiley Capital Management LLC boosted its position in shares of Baker Hughes by 34.7% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 10,920,478 shares of the company’s stock worth $394,775,000 after purchasing an additional 2,811,940 shares during the last quarter. Yaupon Capital Management LP acquired a new position in Baker Hughes in the third quarter valued at about $47,296,000. Eagle Asset Management Inc. boosted its holdings in Baker Hughes by 18.6% during the third quarter. Eagle Asset Management Inc. now owns 5,486,207 shares of the company’s stock worth $198,326,000 after buying an additional 860,219 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in shares of Baker Hughes by 436.0% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,004,647 shares of the company’s stock worth $36,318,000 after buying an additional 817,227 shares during the period. Finally, Groupama Asset Managment increased its stake in shares of Baker Hughes by 1,045.1% in the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after acquiring an additional 811,711 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Baker Hughes Stock Performance

Shares of BKR opened at $46.54 on Tuesday. The stock has a market capitalization of $46.05 billion, a price-to-earnings ratio of 20.87, a PEG ratio of 0.79 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 firm has a fifty day simple moving average of $42.74 and a 200 day simple moving average of $38.38. 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 posted its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. The company had revenue of $6.91 billion during the quarter, compared to the consensus estimate of $7.21 billion. Baker Hughes had a net margin of 8.20% and a return on equity of 13.77%. The company’s quarterly revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.42 EPS. Research analysts forecast that Baker Hughes will post 2.29 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. Stifel Nicolaus boosted their price objective on shares of Baker Hughes from $45.00 to $48.00 and gave the company a “buy” rating in a report on Monday, November 25th. Barclays boosted their price target on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. BMO Capital Markets raised their price objective on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Evercore ISI boosted their target price on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group raised their price target on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, Baker Hughes currently has a consensus rating of “Moderate Buy” and an average target price of $47.53.

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.