Baker Hughes Company (BKR) Regained From Previous Lows

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Carillon Tower Advisers, an investment management company, released its “Carillon Eagle Mid Cap Growth Fund” fourth quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the mid-cap stocks posted solid gains. On the other hand, its full-year returns were disappointing. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisors highlighted stocks like Baker Hughes Company (NASDAQ:BKR) in the Q4 2022 investor letter. Based in Houston, Texas, Baker Hughes Company (NASDAQ:BKR) is an energy technology company. On January 16, 2023, Baker Hughes Company (NASDAQ:BKR) stock closed at $31.63 per share. One-month return of Baker Hughes Company (NASDAQ:BKR) was 11.92%, and its shares gained 15.19% of their value over the last 52 weeks. Baker Hughes Company (NASDAQ:BKR) has a market capitalization of $31.898 billion.

Carillon Tower Advisors made the following comment about Baker Hughes Company (NASDAQ:BKR) in its Q4 2022 investor letter:

Baker Hughes Company (NASDAQ:BKR) is a diversified energy technology and equipment company. After lagging the broader energy complex for the first quarters of 2022 amid some unfortunate operational hiccups related to ongoing supply-chain issues and the ceasing of operations in Russia, the stock rebounded meaningfully in the fourth quarter. Investors hope these recent headwinds are now in the rearview mirror and the company is poised to benefit from a number global tailwinds, including the multiyear upturn in upstream spending on exploration and production, the ongoing build-out of liquefied natural gas infrastructure, and the increased development of emerging technologies such as green hydrogen and carbon capture.”

Photo by Robin Sommer on Unsplash

Baker Hughes Company (NASDAQ:BKR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 30 hedge fund portfolios held Baker Hughes Company (NASDAQ:BKR) at the end of the third quarter, which was 30 in the previous quarter.

We discussed Baker Hughes Company (NASDAQ:BKR) in another article and shared Carillon Tower Advisers’ views on the company in the previous quarter. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

 

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Disclosure: None. This article is originally published at Insider Monkey.

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