CX Institutional Boosts Stock Position in Baker Hughes (NASDAQ:BKR)

CX Institutional increased its stake in Baker Hughes (NASDAQ:BKR) by 16.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,262 shares of the company’s stock after buying an additional 1,155 shares during the period. CX Institutional’s holdings in Baker Hughes were worth $339,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Baker Hughes in the 3rd quarter worth approximately $30,000. True Wealth Design LLC boosted its stake in Baker Hughes by 2,181.6% during the 3rd quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after purchasing an additional 829 shares during the last quarter. Groupama Asset Managment boosted its stake in Baker Hughes by 1,045.1% during the 3rd quarter. Groupama Asset Managment now owns 889,378 shares of the company’s stock valued at $32,000 after purchasing an additional 811,711 shares during the last quarter. Continuum Advisory LLC lifted 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 valued at $35,000 after buying an additional 796 shares during the period. Finally, Quarry LP lifted its holdings in shares of Baker Hughes by 81.1% during the 2nd quarter. Quarry LP now owns 1,594 shares of the company’s stock valued at $56,000 after buying an additional 714 shares during the period. Hedge funds and other institutional investors own 92.06% of the company’s stock.

Baker Hughes Trading Down 0.2 %

Shares of BKR stock opened at $45.55 on Monday. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.47. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. The stock’s 50-day moving average price is $43.01 and its 200-day moving average price is $38.77. The stock has a market capitalization of $45.07 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Baker Hughes from $43.00 to $45.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Bank of America lifted their target price on Baker Hughes from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, December 10th. Morgan Stanley lifted their target price on Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Finally, Piper Sandler assumed coverage on Baker Hughes in a research report on Thursday, December 19th. They set an “overweight” rating and a $53.00 target price on the stock. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Baker Hughes has a consensus rating of “Moderate Buy” and an average target price of $48.06.

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.