Stonehage Fleming Financial Services Holdings Ltd Acquires 2,309 Shares of Baker Hughes (NASDAQ:BKR)

Stonehage Fleming Financial Services Holdings Ltd raised its holdings in shares of Baker Hughes (NASDAQ:BKR) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 17,745 shares of the company’s stock after purchasing an additional 2,309 shares during the period. Stonehage Fleming Financial Services Holdings Ltd’s holdings in Baker Hughes were worth $728,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Ashton Thomas Securities LLC purchased a new stake in shares of Baker Hughes during the third quarter valued at 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. Continuum Advisory LLC increased its holdings in shares of Baker Hughes by 442.2% in the 3rd quarter. Continuum Advisory LLC now owns 976 shares of the company’s stock worth $35,000 after purchasing an additional 796 shares in the last quarter. Quarry LP raised its stake in shares of Baker Hughes by 81.1% in the second quarter. Quarry LP now owns 1,594 shares of the company’s stock worth $56,000 after purchasing an additional 714 shares during the last quarter. Finally, Eastern Bank raised its stake in shares of Baker Hughes by 598.4% in the fourth quarter. Eastern Bank now owns 1,739 shares of the company’s stock worth $71,000 after purchasing an additional 1,490 shares during the last quarter. 92.06% of the stock is currently owned by hedge funds and other institutional investors.

Baker Hughes Trading Down 0.2 %

Shares of BKR opened at $45.55 on Monday. The company’s fifty day simple moving average is $43.01 and its 200-day simple moving average is $38.77. The company has a market cap of $45.07 billion, a P/E ratio of 20.43, a P/E/G ratio of 0.88 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37. Baker Hughes has a twelve month low of $28.32 and a twelve month high of $47.47.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. TD Cowen reduced their price objective on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Jefferies Financial Group increased their price objective on shares of Baker Hughes from $48.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Citigroup boosted their target price on shares of Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Atb Cap Markets downgraded Baker Hughes from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada upped their price objective on Baker Hughes from $43.00 to $49.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. Three investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock 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.