6,498 Shares in Baker Hughes (NASDAQ:BKR) Bought by Wealthcare Advisory Partners LLC

Wealthcare Advisory Partners LLC bought a new position in Baker Hughes (NASDAQ:BKR) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 6,498 shares of the company’s stock, valued at approximately $267,000.

Other large investors also recently added to or reduced their stakes in the company. Ashton Thomas Securities LLC purchased a new position in Baker Hughes during the third quarter valued at approximately $30,000. True Wealth Design LLC lifted its position in shares of Baker Hughes by 2,181.6% during the 3rd 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 last quarter. Groupama Asset Managment boosted its position in shares of Baker Hughes by 1,045.1% in the third 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 period. Continuum Advisory LLC grew its holdings in shares of Baker Hughes by 442.2% during the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares in the last quarter. Finally, Quarry LP boosted its holdings in 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 in the last quarter. 92.06% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BKR shares. Piper Sandler began coverage on Baker Hughes in a research note on Thursday, December 19th. They set an “overweight” rating and a $53.00 price target on the stock. Benchmark restated a “buy” rating and set a $42.00 price objective on shares of Baker Hughes in a research note on Thursday, October 24th. BMO Capital Markets boosted their target price on shares of Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Susquehanna upped their price target on shares of Baker Hughes from $46.00 to $48.00 and gave the stock a “positive” rating in a report on Thursday, October 24th. Finally, Evercore ISI lifted their price target on Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research note on Wednesday, January 15th. Three research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Baker Hughes has an average rating of “Moderate Buy” and an average price target of $47.53.

Baker Hughes Trading Up 1.1 %

Shares of BKR opened at $47.04 on Wednesday. The stock has a market capitalization of $46.55 billion, a P/E ratio of 21.09, a PEG ratio of 0.89 and a beta of 1.39. The firm has a fifty day simple moving average of $42.78 and a two-hundred day simple moving average of $38.47. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $47.47.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Tuesday, October 22nd. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.06. The business had revenue of $6.91 billion for 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% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.42 EPS. On average, research analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

Baker Hughes Company 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.