Vanguard Capital Wealth Advisors Purchases New Position in Baker Hughes Company $BKR

Vanguard Capital Wealth Advisors acquired a new position in Baker Hughes Company (NASDAQ:BKR) in the 3rd quarter, HoldingsChannel reports. The firm acquired 10,700 shares of the company’s stock, valued at approximately $521,000.

A number of other large investors have also recently made changes to their positions in the business. Forum Financial Management LP lifted its stake in Baker Hughes by 1.4% in the second quarter. Forum Financial Management LP now owns 17,255 shares of the company’s stock worth $662,000 after acquiring an additional 233 shares during the period. Steward Partners Investment Advisory LLC raised its holdings in Baker Hughes by 4.2% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 6,790 shares of the company’s stock worth $260,000 after purchasing an additional 275 shares in the last quarter. CWM LLC lifted its position in shares of Baker Hughes by 0.6% in the 3rd quarter. CWM LLC now owns 44,731 shares of the company’s stock worth $2,179,000 after purchasing an additional 287 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Baker Hughes by 1.4% during the 2nd quarter. V Square Quantitative Management LLC now owns 21,758 shares of the company’s stock valued at $834,000 after purchasing an additional 292 shares in the last quarter. Finally, STF Management LP increased its position in shares of Baker Hughes by 2.2% during the second quarter. STF Management LP now owns 14,987 shares of the company’s stock valued at $575,000 after buying an additional 322 shares during the period. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BKR. UBS Group lifted their price objective on Baker Hughes from $48.00 to $54.00 and gave the company a “neutral” rating in a research report on Friday, December 12th. HSBC lifted their price target on Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. increased their price objective on Baker Hughes from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Tuesday, September 30th. Weiss Ratings restated a “buy (b)” rating on shares of Baker Hughes in a report on Monday, December 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Baker Hughes in a research report on Wednesday, January 7th. Twenty-one research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.00.

Baker Hughes Stock Up 1.6%

Shares of Baker Hughes stock opened at $54.46 on Friday. The company has a 50-day simple moving average of $48.36 and a two-hundred day simple moving average of $46.41. The stock has a market capitalization of $53.74 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.89. Baker Hughes Company has a 52-week low of $33.60 and a 52-week high of $54.59. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.06. Baker Hughes had a net margin of 10.43% and a return on equity of 14.22%. The firm had revenue of $7.01 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same quarter in the prior year, the company posted $0.67 earnings per share. The business’s revenue for the quarter was up 1.5% on a year-over-year basis. On average, analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm’s roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE’s oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.