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Published: Sat, November 19, 2016
Economy | By Melissa Porter

Gregory D. Brenneman Acquires 85000 Shares of Baker Hughes Inc. (BHI) Stock

Gregory D. Brenneman Acquires 85000 Shares of Baker Hughes Inc. (BHI) Stock

Compiling all of the recommendations for the firm, Baker Hughes Incorporated (NYSE:BHI) current has a mean recommendation of 1.96. Company shares were Reiterated by Scotia Howard Weil on Oct 27, 2016 to "Sector Outperform", Firm has raised the Price Target to $ 62 from a previous price target of $56.Company shares were Upgraded by Cowen on Oct 26, 2016 to " Outperform", Firm has raised the Price Target to $ 65 from a previous price target of $47. The Hedge Fund company now holds 2,156 shares of BHI which is valued at $128,002. On average, equities research analysts predict that Baker Hughes Inc. will post ($1.61) EPS for the current fiscal year.

The Stock now has Analyst' mean Recommendation of 2 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell.

On the company's financial health, Baker Hughes Incorporated reported $-0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.29 according to the earnings call on Oct 25, 2016. Baker Hughes Incorporated has 52-Week high of $62.16 and 52-Week Low of $37.58. The shares were sold at an average price of $58.09, for a total transaction of $871,350.00. Argus upped their price target on Baker Hughes from $52.00 to $55.00 and gave the stock a buy rating in a report on Tuesday, August 9th. Also, SVP Alan R. Crain, Jr. sold 3,000 shares of Baker Hughes stock in a transaction dated Friday, October 7th. Baker Hughes Incorporated makes up approx 0.03% of Mcf Advisors's portfolio.Boston Common Asset Management boosted its stake in BHI in the latest quarter, The investment management firm added 7,941 additional shares and now holds a total of 22,461 shares of Baker Hughes Incorporated which is valued at $1,305,209. Eventually, Baker Hughes Incorporated Oil & Gas Equipment & Services exhibits an EPS value of 45.90% for the next five years. Following the completion of the transaction, the vice president now directly owns 76,768 shares in the company, valued at $4,459,453.12. The disclosure for this sale can be found here. Personal Capital Advisors Corp increased its stake in shares of Baker Hughes by 9.6% in the second quarter. Alpha Windward LLC now owns 4,646 shares of the oilfield services provider's stock valued at $210,000 after buying an additional 689 shares in the last quarter. Chevy Chase Trust Holdings Inc. now owns 376,886 shares of the oilfield services provider's stock valued at $17,009,000 after buying an additional 6,894 shares in the last quarter. Viking Fund Management LLC increased its stake in shares of Baker Hughes by 19.6% in the third quarter. DNB Asset Management AS now owns 38,480 shares of the oilfield services provider's stock valued at $1,737,000 after buying an additional 800 shares in the last quarter.

A number of institutional investors have recently made changes to their positions in the stock. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of Baker Hughes by 1.9% in the second quarter. This brings the total number of active oil and gas rigs to 588, an increase of 20. The Company also provides industrial products and services to the downstream chemicals and process and pipeline services.

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