Baker Hughes (NASDAQ:BKR) Shares Purchased by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. boosted its position in shares of Baker Hughes (NASDAQ:BKR) by 3.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,280 shares of the company’s stock after buying an additional 4,125 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Baker Hughes were worth $4,934,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of BKR. Bridges Investment Management Inc. lifted its stake in Baker Hughes by 3.1% during the third quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock valued at $333,000 after purchasing an additional 273 shares during the last quarter. 180 Wealth Advisors LLC increased its position in shares of Baker Hughes by 1.3% in the fourth quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock worth $923,000 after acquiring an additional 295 shares in the last quarter. Graypoint LLC increased its position in shares of Baker Hughes by 3.0% in the third quarter. Graypoint LLC now owns 10,288 shares of the company’s stock worth $372,000 after acquiring an additional 301 shares in the last quarter. First Trust Direct Indexing L.P. lifted its position in shares of Baker Hughes by 1.4% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock valued at $1,079,000 after acquiring an additional 398 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its stake in Baker Hughes by 4.6% in the 3rd quarter. Hantz Financial Services Inc. now owns 9,027 shares of the company’s stock worth $326,000 after purchasing an additional 401 shares during the period. 92.06% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on BKR shares. Barclays lifted their price target on Baker Hughes from $46.00 to $52.00 and gave the company an “overweight” rating in a report on Wednesday, December 18th. Morgan Stanley boosted their price objective on shares of Baker Hughes from $42.00 to $45.00 and gave the company an “overweight” rating in a research report on Thursday, October 3rd. Wells Fargo & Company upped their price target on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 17th. Bank of America increased their price objective on Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Evercore ISI raised their price objective on shares of Baker Hughes from $46.00 to $52.00 and gave the company an “outperform” rating in a research report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $48.06.

Baker Hughes Price Performance

NASDAQ BKR opened at $45.55 on Friday. The stock has a 50-day simple moving average of $43.01 and a 200 day simple moving average of $38.74. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $47.47. The stock has a market capitalization of $45.07 billion, a PE ratio of 20.43, a P/E/G ratio of 0.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.88 and a current ratio of 1.30.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, October 22nd. The company reported $0.67 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.06. Baker Hughes had a return on equity of 13.77% and a net margin of 8.20%. The company had revenue of $6.91 billion during the quarter, compared to analyst estimates of $7.21 billion. During the same period in the previous year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 4.0% compared to the same quarter last year. Research analysts anticipate that Baker Hughes will post 2.29 EPS for the current year.

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.