Baker Hughes (NASDAQ:BKR) EVP Sells $358,160.00 in Stock

Baker Hughes (NASDAQ:BKR) EVP Maria C. Borras sold 8,000 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $44.77, for a total transaction of $358,160.00. Following the transaction, the executive vice president now directly owns 173,302 shares in the company, valued at approximately $7,758,730.54. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Baker Hughes Stock Down 0.6 %

BKR stock opened at $43.28 on Wednesday. The company has a quick ratio of 0.88, a current ratio of 1.30 and a debt-to-equity ratio of 0.37. Baker Hughes has a 52 week low of $28.32 and a 52 week high of $47.47. The firm has a 50 day moving average of $43.02 and a 200 day moving average of $38.87. The stock has a market capitalization of $42.83 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39.

Hedge Funds Weigh In On Baker Hughes

Institutional investors have recently made changes to their positions in the company. Bridges Investment Management Inc. increased its holdings in Baker Hughes by 3.1% in the 3rd quarter. Bridges Investment Management Inc. now owns 9,203 shares of the company’s stock worth $333,000 after acquiring an additional 273 shares in the last quarter. 180 Wealth Advisors LLC boosted its position in shares of Baker Hughes by 1.3% during the 4th quarter. 180 Wealth Advisors LLC now owns 22,506 shares of the company’s stock valued at $923,000 after acquiring an additional 295 shares during the last quarter. Graypoint LLC boosted its position in shares of Baker Hughes by 3.0% during the 3rd quarter. Graypoint LLC now owns 10,288 shares of the company’s stock valued at $372,000 after acquiring an additional 301 shares during the last quarter. Bleakley Financial Group LLC lifted its position in Baker Hughes by 1.8% in the fourth quarter. Bleakley Financial Group LLC now owns 20,984 shares of the company’s stock valued at $861,000 after buying an additional 380 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in Baker Hughes by 1.4% in the third quarter. First Trust Direct Indexing L.P. now owns 29,841 shares of the company’s stock valued at $1,079,000 after buying an additional 398 shares during the last quarter. 92.06% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on BKR. Benchmark reissued a “buy” rating and issued a $42.00 price target on shares of Baker Hughes in a report on Thursday, October 24th. The Goldman Sachs Group raised their price target on shares of Baker Hughes from $51.00 to $52.00 and gave the stock a “buy” rating in a report on Thursday, January 23rd. Piper Sandler began coverage on shares of Baker Hughes in a report on Thursday, December 19th. They issued an “overweight” rating and a $53.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Baker Hughes from $42.00 to $49.00 and gave the stock an “overweight” rating in a report on Tuesday, December 17th. Finally, Bank of America raised their price target on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $48.06.

Baker Hughes Company Profile

Baker Hughes Company provides a portfolio of technologies and services to energy and industrial value chain worldwide. The company operates through Oilfield Services & Equipment (OFSE) and Industrial & Energy Technology (IET) segments. The OFSE segment designs and manufactures products and provides related services, including exploration, appraisal, development, production, rejuvenation, and decommissioning for onshore and offshore oilfield operations.