SummitTX Capital L.P. Takes $1.80 Million Position in Baker Hughes Company $BKR

SummitTX Capital L.P. purchased a new position in Baker Hughes Company (NASDAQ:BKR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,555 shares of the company’s stock, valued at approximately $1,804,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. EFG International AG bought a new stake in Baker Hughes in the fourth quarter worth $26,000. Cullen Frost Bankers Inc. increased its holdings in shares of Baker Hughes by 344.1% during the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock valued at $27,000 after acquiring an additional 468 shares in the last quarter. Quarry LP bought a new position in shares of Baker Hughes during the fourth quarter valued at $31,000. MV Capital Management Inc. purchased a new position in shares of Baker Hughes in the 4th quarter worth about $34,000. Finally, Acumen Wealth Advisors LLC bought a new position in Baker Hughes in the 4th quarter worth about $35,000. Institutional investors own 92.06% of the company’s stock.

Insider Buying and Selling at Baker Hughes

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

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Evercore reiterated an “outperform” rating and issued a $76.00 target price on shares of Baker Hughes in a research note on Monday, April 27th. Wolfe Research assumed coverage on shares of Baker Hughes in a research report on Wednesday, July 8th. They set an “outperform” rating and a $70.00 price target for the company. Piper Sandler boosted their price objective on shares of Baker Hughes from $71.00 to $73.00 and gave the stock an “overweight” rating in a report on Tuesday. Weiss Ratings cut Baker Hughes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, July 13th. Finally, Stifel Nicolaus increased their target price on Baker Hughes from $74.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday. Seventeen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.95.

Baker Hughes News Roundup

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

• Positive Sentiment: Second-quarter results exceeded expectations. Baker Hughes reported adjusted EPS of $0.64 versus the $0.51 consensus and revenue of $6.74 billion, above estimates of $6.54 billion. Revenue increased 2.4% year over year, while strong cash flow and expanding margins supported the outlook. Baker Hughes earnings report
• Positive Sentiment: Energy Technology orders and backlog are key growth drivers. IET orders surged 49%, reaching a record level, and the company highlighted robust backlog growth and margin expansion. These trends are helping offset weaker near-term drilling activity. Baker Hughes Q2 earnings analysis
• Positive Sentiment: A major LNG contract strengthens the long-term story. Baker Hughes secured a comprehensive liquefaction-technology order from Venture Global for the CP2 LNG expansion in Louisiana. The award reinforces exposure to LNG infrastructure and rising power demand from artificial-intelligence data centers. Baker Hughes Venture Global LNG order
• Positive Sentiment: Analyst support improved. Susquehanna raised its price target from $70 to $72 and assigned a positive rating, while Piper Sandler maintained its Buy rating. A separate Wall Street Zen upgrade also adds to favorable sentiment.
• Neutral Sentiment: Third-quarter revenue guidance was broadly in line. Baker Hughes forecast revenue of approximately $6.9 billion, matching consensus, offering limited incremental upside from guidance alone. The company also declared a quarterly dividend of $0.23 per share.
• Negative Sentiment: Management expects global oil-and-gas producer spending to decline modestly in 2026. Growth in Latin America, offshore Africa, and North American land activity is expected to be offset by reduced spending in Europe and the Middle East, creating a headwind for conventional oilfield services. Baker Hughes spending outlook
• Negative Sentiment: Valuation and positioning may be limiting gains. One analysis characterized BKR as fairly valued after its recent operational improvement and cautioned that Middle East tensions and AI-related power demand could reverse. Unusually heavy put-option buying also signals increased near-term hedging or bearish speculation.

Baker Hughes Stock Performance

BKR opened at $58.46 on Wednesday. The company has a current ratio of 2.13, a quick ratio of 1.77 and a debt-to-equity ratio of 0.79. The company has a market cap of $58.00 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 2.52 and a beta of 0.96. The company’s 50 day moving average is $59.75 and its 200 day moving average is $60.12. Baker Hughes Company has a 12-month low of $41.96 and a 12-month high of $70.41.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results 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. Baker Hughes had a net margin of 11.17% and a return on equity of 14.06%. The business had revenue of $6.74 billion for the quarter, compared to analysts’ expectations of $6.54 billion. During the same quarter last year, the company posted $0.63 EPS. The company’s revenue was up 2.4% compared to the same quarter last year. On average, equities research analysts predict that Baker Hughes Company will post 2.26 EPS for the current year.

Baker Hughes Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Investors of record on Friday, August 7th will be given a dividend of $0.23 per share. The ex-dividend date is Friday, August 7th. This represents a $0.92 annualized dividend and a yield of 1.6%. Baker Hughes’s payout ratio is 29.39%.

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.