Lido Advisors LLC Sells 8,882 Shares of Baker Hughes Company $BKR

Lido Advisors LLC reduced its holdings in shares of Baker Hughes Company (NASDAQ:BKR) by 27.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,186 shares of the company’s stock after selling 8,882 shares during the quarter. Lido Advisors LLC’s holdings in Baker Hughes were worth $1,416,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in BKR. State of Wyoming lifted its position in Baker Hughes by 28.3% in the 1st quarter. State of Wyoming now owns 5,307 shares of the company’s stock valued at $324,000 after acquiring an additional 1,170 shares in the last quarter. Cetera Investment Advisers boosted its stake in Baker Hughes by 40.5% during the 1st quarter. Cetera Investment Advisers now owns 162,380 shares of the company’s stock valued at $9,913,000 after purchasing an additional 46,823 shares during the last quarter. Aureus Asset Management LLC bought a new stake in Baker Hughes during the 1st quarter worth approximately $1,709,000. NewEdge Wealth LLC increased its holdings in Baker Hughes by 34.1% during the 1st quarter. NewEdge Wealth LLC now owns 12,007 shares of the company’s stock worth $733,000 after purchasing an additional 3,055 shares in the last quarter. Finally, CI Investments Inc. purchased a new stake in shares of Baker Hughes in the first quarter worth approximately $276,000. 92.06% of the stock is owned by institutional investors.

Baker Hughes Stock Performance

BKR stock opened at $60.59 on Tuesday. The company has a quick ratio of 1.77, a current ratio of 2.13 and a debt-to-equity ratio of 0.79. The firm has a market cap of $60.11 billion, a PE ratio of 19.36, a P/E/G ratio of 2.38 and a beta of 0.96. The business has a 50 day moving average of $59.89 and a 200-day moving average of $60.05. Baker Hughes Company has a 12-month low of $41.96 and a 12-month high of $70.41.

Baker Hughes (NASDAQ:BKR) last posted its quarterly earnings data on Sunday, July 26th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.13. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.54 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The business’s revenue was up 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.63 earnings per share. As a group, sell-side analysts expect that Baker Hughes Company will post 2.26 earnings per share for the current year.

Baker Hughes Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, August 7th will be paid a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Friday, August 7th. Baker Hughes’s payout ratio is presently 29.39%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BKR. Stifel Nicolaus raised their target price on Baker Hughes from $63.00 to $74.00 and gave the company a “buy” rating in a report on Monday, April 27th. Argus upped their price target on Baker Hughes from $67.00 to $79.00 in a report on Friday, May 1st. Wall Street Zen raised Baker Hughes from a “hold” rating to a “buy” rating in a research report on Tuesday. HSBC raised their price objective on Baker Hughes from $67.00 to $85.00 and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, UBS Group increased their target price on shares of Baker Hughes from $69.00 to $73.00 and gave the company a “neutral” rating in a report on Monday, April 27th. Eighteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and an average price target of $70.00.

More Baker Hughes News

Here are the key news stories impacting Baker Hughes this week:

• Positive Sentiment: Baker Hughes reported adjusted second-quarter EPS of $0.64, topping the $0.49 consensus estimate, while revenue of $6.74 billion exceeded expectations by $230 million and rose 2.4% year over year. Baker Hughes earnings report
• Positive Sentiment: The Industrial & Energy Technology segment was the primary growth driver. Second-quarter orders reached $10.5 billion, including $7.1 billion from IET, while total remaining performance obligations reached $40.1 billion, supported by a record $37.1 billion IET backlog. Baker Hughes second-quarter results
• Positive Sentiment: The company secured a major LNG technology order from Venture Global for the CP2 expansion in Louisiana, reinforcing its exposure to LNG infrastructure and long-term energy demand. Baker Hughes Venture Global LNG order
• Positive Sentiment: Baker Hughes declared a quarterly dividend of $0.23 per share, payable August 17 to shareholders of record August 7, providing continued income support for investors. Baker Hughes dividend announcement
• Neutral Sentiment: Third-quarter revenue guidance was approximately $6.9 billion, broadly in line with analyst expectations. The company did not provide a clear EPS guidance figure in the supplied update.
• Negative Sentiment: Baker Hughes expects global oil and gas producer spending to decline modestly in 2026, with lower spending in Europe and the Middle East offsetting growth elsewhere. The company also saw unusually heavy put-option activity, signaling increased near-term hedging or bearish speculation. Reuters oil and gas spending outlook
• Negative Sentiment: Some analysts view BKR as fairly valued after its rally. Potential volatility from Middle East tensions, commodity prices and the Chart Industries integration could limit further upside despite strong operating momentum.

Insider Transactions at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 5,088 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $64.22, for a total value of $326,751.36. Following the transaction, the chief accounting officer directly owned 15,997 shares of the company’s stock, valued at approximately $1,027,327.34. The trade was a 24.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lorenzo Simonelli sold 181,411 shares of the stock in a transaction dated Monday, June 22nd. The shares were sold at an average price of $58.43, for a total transaction of $10,599,844.73. Following the transaction, the chief executive officer owned 703,444 shares of the company’s stock, valued at approximately $41,102,232.92. The trade was a 20.50% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 367,910 shares of company stock worth $22,420,797 over the last three months. 0.19% of the stock is owned by insiders.

Baker Hughes Profile

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.