80,640 Shares in Baker Hughes (NASDAQ:BKR) Bought by Valicenti Advisory Services Inc.

Valicenti Advisory Services Inc. purchased a new stake in Baker Hughes (NASDAQ:BKR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 80,640 shares of the company’s stock, valued at approximately $3,308,000.

Several other institutional investors have also recently made changes to their positions in the stock. Ashton Thomas Securities LLC bought a new stake in Baker Hughes in the 3rd quarter valued at about $30,000. True Wealth Design LLC grew its stake in Baker Hughes by 2,181.6% in the third quarter. True Wealth Design LLC now owns 867 shares of the company’s stock valued at $31,000 after acquiring an additional 829 shares during the period. Groupama Asset Managment increased its holdings in shares of Baker Hughes by 1,045.1% during 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 in the last quarter. Continuum Advisory LLC raised its position in shares of Baker Hughes by 442.2% during the third quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares during the period. Finally, Quarry LP lifted its holdings in shares of Baker Hughes by 81.1% in the 2nd quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after purchasing an additional 714 shares in the last quarter. Institutional investors and hedge funds own 92.06% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria C. Borras sold 8,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the sale, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Analysts Set New Price Targets

BKR has been the topic of several research reports. Argus upgraded shares of Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. Morgan Stanley upped their target price on shares of Baker Hughes from $42.00 to $45.00 and gave the stock an “overweight” rating in a report on Thursday, October 3rd. 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. Jefferies Financial Group increased their price objective on Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Finally, Citigroup lifted their target price on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Three investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $48.06.

Baker Hughes Trading Up 0.8 %

Shares of BKR stock opened at $43.65 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. The firm has a market cap of $43.19 billion, a P/E ratio of 19.57, a PEG ratio of 0.88 and a beta of 1.39. The company has a 50 day moving average of $43.03 and a 200-day moving average of $38.94. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.47.

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.