Baker Hughes (NASDAQ:BKR) CAO Sells $110,703.45 in Stock

Baker Hughes Company (NASDAQ:BKR) CAO Rebecca Charlton sold 1,985 shares of Baker Hughes stock in a transaction that occurred on Monday, February 2nd. The stock was sold at an average price of $55.77, for a total transaction of $110,703.45. Following the transaction, the chief accounting officer directly owned 12,052 shares in the company, valued at $672,140.04. The trade was a 14.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Baker Hughes Trading Up 2.7%

NASDAQ:BKR traded up $1.55 during trading hours on Tuesday, hitting $58.00. The stock had a trading volume of 9,200,172 shares, compared to its average volume of 9,605,914. The business’s 50 day moving average is $49.59 and its 200-day moving average is $47.45. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41. The company has a market cap of $57.23 billion, a price-to-earnings ratio of 22.31, a P/E/G ratio of 1.74 and a beta of 0.89. Baker Hughes Company has a one year low of $33.60 and a one year high of $58.50.

Baker Hughes (NASDAQ:BKR) last announced its quarterly earnings results on Sunday, January 25th. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.11. The company had revenue of $7.39 billion for the quarter, compared to analysts’ expectations of $7.09 billion. Baker Hughes had a net margin of 9.33% and a return on equity of 14.51%. The business’s quarterly revenue was up .3% compared to the same quarter last year. During the same period last year, the firm posted $0.70 earnings per share. Sell-side analysts anticipate that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on BKR. Barclays lifted their price objective on Baker Hughes from $55.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, January 27th. HSBC upped their price target on shares of Baker Hughes from $54.00 to $56.00 and gave the company a “buy” rating in a report on Monday, October 27th. JPMorgan Chase & Co. raised their price objective on shares of Baker Hughes from $53.00 to $60.00 and gave the stock an “overweight” rating in a report on Tuesday, January 27th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Baker Hughes in a research note on Monday, December 29th. Finally, Royal Bank Of Canada reissued an “outperform” rating and issued a $57.00 price target on shares of Baker Hughes in a research note on Thursday, January 15th. Twenty investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $58.30.

Institutional Trading of Baker Hughes

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Activest Wealth Management increased its position in shares of Baker Hughes by 1,242.5% during the 3rd quarter. Activest Wealth Management now owns 537 shares of the company’s stock worth $26,000 after purchasing an additional 497 shares during the last quarter. E Fund Management Hong Kong Co. Ltd. increased its holdings in Baker Hughes by 104.0% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 661 shares of the company’s stock worth $32,000 after buying an additional 337 shares during the last quarter. JFS Wealth Advisors LLC raised its position in Baker Hughes by 45.1% during the fourth quarter. JFS Wealth Advisors LLC now owns 811 shares of the company’s stock worth $37,000 after acquiring an additional 252 shares in the last quarter. Wolff Wiese Magana LLC grew its position in shares of Baker Hughes by 55.6% in the 4th quarter. Wolff Wiese Magana LLC now owns 840 shares of the company’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of Baker Hughes during the 2nd quarter worth about $36,000. Institutional investors own 92.06% of the company’s stock.

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.