Baker Hughes Company $BKR Shares Sold by Profund Advisors LLC

Profund Advisors LLC lowered its stake in Baker Hughes Company (NASDAQ:BKR) by 13.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 108,920 shares of the company’s stock after selling 17,634 shares during the period. Profund Advisors LLC’s holdings in Baker Hughes were worth $5,980,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. MCF Advisors LLC grew its stake in Baker Hughes by 121.4% during the second quarter. MCF Advisors LLC now owns 476 shares of the company’s stock valued at $26,000 after acquiring an additional 261 shares in the last quarter. Olistico Wealth LLC increased its holdings in Baker Hughes by 209.4% during the third quarter. Olistico Wealth LLC now owns 495 shares of the company’s stock valued at $27,000 after buying an additional 335 shares during the period. Elevation Wealth Partners LLC boosted its position in Baker Hughes by 260.1% during the 3rd quarter. Elevation Wealth Partners LLC now owns 497 shares of the company’s stock valued at $27,000 after acquiring an additional 359 shares in the last quarter. Latitude Advisors LLC acquired a new stake in Baker Hughes in the third quarter valued at approximately $27,000. Finally, Godsey & Gibb Inc. purchased a new position in Baker Hughes during the 3rd quarter worth $33,000. Institutional investors own 92.06% of the company’s stock.

Baker Hughes Stock Up 1.3%

Shares of Baker Hughes stock opened at $55.23 on Friday. Baker Hughes Company has a one year low of $44.26 and a one year high of $70.41. The company has a market cap of $54.83 billion, a P/E ratio of 19.04, a PEG ratio of 2.63 and a beta of 1.04. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.76 and a current ratio of 1.24. The firm has a fifty day moving average of $58.13 and a two-hundred day moving average of $60.05.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.09. Baker Hughes had a net margin of 10.08% and a return on equity of 13.55%. The business had revenue of $8.03 billion for the quarter, compared to analyst estimates of $7.74 billion. During the same period in the previous year, the business posted $0.68 earnings per share. The business’s revenue was up 14.5% compared to the same quarter last year. On average, analysts forecast that Baker Hughes Company will post 2.58 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be issued a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, November 10th. Baker Hughes’s dividend payout ratio is 31.72%.

Analyst Ratings Changes

Several analysts have weighed in on BKR shares. Citigroup dropped their price target on Baker Hughes from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Monday, October 19th. TD Cowen increased their price objective on shares of Baker Hughes from $76.00 to $77.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler lowered their price target on shares of Baker Hughes from $73.00 to $70.00 and set an “overweight” rating on the stock in a research report on Thursday. The Goldman Sachs Group assumed coverage on shares of Baker Hughes in a research report on Tuesday, September 29th. They set a “buy” rating and a $71.00 price target on the stock. Finally, Wall Street Zen cut Baker Hughes from a “buy” rating to a “hold” rating in a report on Wednesday, August 5th. Two analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Baker Hughes presently has an average rating of “Moderate Buy” and an average target price of $71.14.

Baker Hughes News Summary

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

• Positive Sentiment: Baker Hughes won a major subsea contract from Eni for Cyprus’ Cronos natural-gas project. The award strengthens the company’s deepwater backlog and supports future revenue visibility. Baker Hughes Wins Major Subsea Contract From Eni for Cronos Gas
• Positive Sentiment: Third-quarter earnings exceeded expectations, with strong Industrial & Energy Technology (IET) performance, a 31% increase in orders and contributions from Chart Industries. Management also raised its 2026 IET orders outlook to $21.5 billion-$23.5 billion, supported by data-center power and LNG demand. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
• Positive Sentiment: Bank of America Securities maintained its Buy rating, indicating continued confidence in Baker Hughes’ earnings and backlog prospects. Bank of America Maintains Buy Rating
• Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained positive ratings—Outperform and Overweight—but reduced their price targets to $70 and $68, respectively, signaling upside while reflecting more cautious valuation assumptions.
• Negative Sentiment: Barclays cut its price target from $72 to $62 and kept an Equal Weight rating. The reduction may weigh on sentiment despite the remaining implied upside.
• Negative Sentiment: Management indicated that some backlog conversion has been pushed beyond 2027. This could delay the timing of revenue and cash-flow benefits from the company’s strong order pipeline. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds

Baker Hughes Company Profile

Baker Hughes Company (NASDAQ: BKR) is an energy technology company that provides products, services and digital solutions for the oil and gas industry and other energy-related markets. Its offerings support the exploration, drilling, completion, production and maintenance of energy assets across the lifecycle of a project.

The company’s oilfield services and equipment business provides technologies such as drilling systems, well completions, artificial lift, subsea equipment, production chemicals and well intervention services.