Baker Hughes Company $BKR Shares Bought by Vest Financial LLC

Vest Financial LLC raised its holdings in Baker Hughes Company (NASDAQ:BKR) by 5.9% in the third quarter, Holdings Channel.com reports. The fund owned 1,197,972 shares of the company’s stock after acquiring an additional 66,357 shares during the quarter. Vest Financial LLC’s holdings in Baker Hughes were worth $65,769,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. MCF Advisors LLC boosted its position in Baker Hughes by 121.4% during the second quarter. MCF Advisors LLC now owns 476 shares of the company’s stock worth $26,000 after purchasing an additional 261 shares during the period. Olistico Wealth LLC raised its position in shares of Baker Hughes by 209.4% in the third quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock valued at $27,000 after purchasing an additional 335 shares during the period. Elevation Wealth Partners LLC raised its position in shares of Baker Hughes by 260.1% in the third quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock valued at $27,000 after purchasing an additional 359 shares during the period. Godsey & Gibb Inc. bought a new position in shares of Baker Hughes in the third quarter valued at approximately $33,000. Finally, Meeder Asset Management Inc. lifted its stake in shares of Baker Hughes by 49.0% in the first quarter. Meeder Asset Management Inc. now owns 651 shares of the company’s stock worth $40,000 after buying an additional 214 shares during the last quarter. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Up 0.6%

Shares of BKR opened at $56.00 on Thursday. The company has a quick ratio of 1.76, a current ratio of 2.09 and a debt-to-equity ratio of 0.77. The company has a 50-day moving average price of $59.32 and a two-hundred day moving average price of $60.69. The stock has a market cap of $55.59 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 2.65 and a beta of 1.04. Baker Hughes Company has a 12 month low of $44.26 and a 12 month high of $70.41.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. The company had revenue of $6.74 billion during the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a return on equity of 13.85% and a net margin of 11.17%. The business’s revenue was up 2.4% on a year-over-year basis. During the same period last year, the business earned $0.63 earnings per share. Equities analysts predict that Baker Hughes Company will post 2.57 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup decreased their price target on shares of Baker Hughes from $75.00 to $72.00 and set a “buy” rating for the company in a report on Monday. Jefferies Financial Group lowered their price target on Baker Hughes from $80.00 to $77.00 and set a “buy” rating on the stock in a research report on Tuesday, September 29th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Baker Hughes in a research note on Friday, October 9th. Royal Bank Of Canada boosted their price objective on Baker Hughes from $71.00 to $76.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 25th. Finally, Zacks Research upgraded Baker Hughes from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 16th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $72.10.

Baker Hughes Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.