Baker Hughes Company $BKR Shares Sold by BLB&B Advisors LLC

Key Points

• BLB&B Advisors cut its Baker Hughes stake by 94.2% in the third quarter, selling 79,623 shares and retaining 4,922 shares valued at approximately $270,000. Institutional investors collectively own 92.06% of BKR.
• Baker Hughes reported a quarterly earnings beat, with EPS of $0.70 versus the $0.61 consensus and revenue of $8.03 billion, up 14.5% year over year. The company also declared a quarterly dividend of $0.23 per share, equivalent to a 1.7% yield.
• Analysts remain generally positive, with a “Moderate Buy” consensus and an average price target of $71.14, although several firms lowered targets. Shares opened at $54.51 and remain below their 50-day and 200-day moving averages, signaling technical weakness.

BLB&B Advisors LLC lessened its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 94.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 4,922 shares of the company's stock after selling 79,623 shares during the period. BLB&B Advisors LLC's holdings in Baker Hughes were worth $270,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. NewEdge Advisors LLC raised its position in shares of Baker Hughes by 152.3% during the 2nd quarter. NewEdge Advisors LLC now owns 149,817 shares of the company's stock valued at $8,315,000 after acquiring an additional 90,427 shares during the last quarter. National Pension Service boosted its position in shares of Baker Hughes by 29.0% in the 2nd quarter. National Pension Service now owns 1,867,731 shares of the company's stock worth $103,659,000 after purchasing an additional 419,426 shares during the last quarter. Hsbc Holdings PLC boosted its position in shares of Baker Hughes by 2.0% in the 4th quarter. Hsbc Holdings PLC now owns 1,892,101 shares of the company's stock worth $86,230,000 after purchasing an additional 37,473 shares during the last quarter. Fifth Third Bancorp boosted its position in shares of Baker Hughes by 367.1% in the 1st quarter. Fifth Third Bancorp now owns 199,621 shares of the company's stock worth $12,187,000 after purchasing an additional 156,881 shares during the last quarter. Finally, Allworth Financial LP grew its stake in shares of Baker Hughes by 19.5% during the second quarter. Allworth Financial LP now owns 231,538 shares of the company's stock worth $12,850,000 after purchasing an additional 37,814 shares during the period. Institutional investors and hedge funds own 92.06% of the company's stock.

Baker Hughes Price Performance

BKR opened at $54.51 on Friday. The company has a quick ratio of 1.76, a current ratio of 1.24 and a debt-to-equity ratio of 0.85. Baker Hughes Company has a 12 month low of $44.26 and a 12 month high of $70.41. The company has a fifty day simple moving average of $58.28 and a 200 day simple moving average of $60.01. The stock has a market cap of $54.11 billion, a P/E ratio of 20.24, a P/E/G ratio of 2.62 and a beta of 1.04.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.09. Baker Hughes had a return on equity of 13.55% and a net margin of 10.08%. The business had revenue of $8.03 billion for the quarter, compared to analysts' expectations of $7.74 billion. During the same quarter in the previous year, the business posted $0.68 EPS. Baker Hughes's revenue for the quarter was up 14.5% on a year-over-year basis. On average, research analysts expect that Baker Hughes Company will post 2.56 EPS for the current year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 20th. Shareholders of record on Tuesday, November 10th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.92 annualized dividend and a dividend yield of 1.7%. Baker Hughes's dividend payout ratio (DPR) is currently 29.68%.

Analysts Set New Price Targets

Several research firms have weighed in on BKR. Royal Bank Of Canada cut their target price on Baker Hughes from $71.00 to $70.00 and set an "outperform" rating on the stock in a research note on Thursday. UBS Group decreased their target price on Baker Hughes from $72.00 to $69.00 and set a "neutral" rating for the company in a research report on Wednesday, September 30th. Susquehanna upped their price target on Baker Hughes from $72.00 to $75.00 and gave the company a "positive" rating in a research note on Thursday, September 10th. Zacks Research upgraded shares of Baker Hughes from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, September 16th. Finally, Weiss Ratings reiterated a "buy (b-)" rating on shares of Baker Hughes in a research report on Friday, October 9th. Two research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Baker Hughes has a consensus rating of "Moderate Buy" and an average price target of $71.14.

Key Baker Hughes News

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

• Positive Sentiment: Baker Hughes exceeded third-quarter expectations, reporting adjusted EPS of $0.70 versus the $0.61 consensus, while revenue rose 14.5% year over year to $8.03 billion. BKR Q3 Earnings Beat Estimates on Strong IET Growth and Chart Gains
• Positive Sentiment: Management raised its 2026 Industrial & Energy Technology (IET) order outlook to $21.5 billion–$23.5 billion, supported by data-center power, LNG and broader energy demand. Orders increased 31%, although some backlog conversion is expected after 2027. BKR Q3 Earnings Call Raises IET Outlook as Backlog Builds
• Positive Sentiment: The company secured a 1.1-gigawatt AI power and cooling order from a major U.S. technology customer and won a subsea production systems and services contract from Eni for the Cronos gas development offshore Cyprus. Baker Hughes Wins Subsea Award for Eni’s Cronos Gas Development
• Positive Sentiment: Baker Hughes maintained shareholder returns with a quarterly dividend of $0.23 per share, equivalent to a $0.92 annualized payout and approximately a 1.7% yield.
• Neutral Sentiment: Royal Bank of Canada and Morgan Stanley retained bullish ratings, but reduced their price targets to $70 and $68, respectively, suggesting continued upside while signaling more cautious near-term expectations. Royal Bank of Canada Recommendations
• Negative Sentiment: Barclays cut its target sharply from $72 to $62 and kept an “equal weight” rating. The target reductions, along with reports that results fell short of elevated investor expectations, may be limiting the market’s reaction to the earnings beat.
• Negative Sentiment: The shares remain below their 50-day and 200-day moving averages, indicating ongoing technical weakness despite the company’s stronger operating outlook.

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.

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