Encompass Capital Advisors LLC Decreases Holdings in Baker Hughes Company $BKR

Key Points

• Encompass Capital Advisors LLC has decreased its holdings in Baker Hughes Company by 25%, now owning approximately 0.10% of the company’s shares, valued at about $42.84 million.
• Baker Hughes reported $0.63 earnings per share for the latest quarter, exceeding analyst estimates and achieving a net margin of 11.04%.
• The company declared a quarterly dividend of $0.23 per share, reflecting an annualized yield of 2.0% with a payout ratio of 30.07%.

Encompass Capital Advisors LLC lowered its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 25.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 974,744 shares of the company's stock after selling 325,256 shares during the period. Baker Hughes comprises 1.6% of Encompass Capital Advisors LLC's holdings, making the stock its 25th largest holding. Encompass Capital Advisors LLC owned about 0.10% of Baker Hughes worth $42,840,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Wayfinding Financial LLC acquired a new stake in shares of Baker Hughes during the first quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Baker Hughes during the first quarter worth $30,000. Golden State Wealth Management LLC increased its position in shares of Baker Hughes by 678.7% during the first quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock worth $30,000 after buying an additional 604 shares during the period. Grove Bank & Trust increased its position in shares of Baker Hughes by 76.2% during the first quarter. Grove Bank & Trust now owns 740 shares of the company's stock worth $33,000 after buying an additional 320 shares during the period. Finally, Spire Wealth Management increased its position in shares of Baker Hughes by 132.9% during the first quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after buying an additional 465 shares during the period. Institutional investors own 92.06% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on BKR. Stifel Nicolaus decreased their price objective on shares of Baker Hughes from $50.00 to $49.00 and set a "buy" rating for the company in a research report on Wednesday, July 16th. Evercore ISI increased their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Seaport Res Ptn lowered shares of Baker Hughes from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 29th. Susquehanna increased their target price on shares of Baker Hughes from $46.00 to $52.00 and gave the stock a "positive" rating in a research note on Thursday, July 24th. Finally, Morgan Stanley increased their target price on shares of Baker Hughes from $45.00 to $55.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 29th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Baker Hughes Stock Up 0.1%

Shares of Baker Hughes stock traded up $0.06 during trading hours on Monday, reaching $45.64. The company's stock had a trading volume of 3,870,110 shares, compared to its average volume of 7,682,198. Baker Hughes Company has a one year low of $32.25 and a one year high of $49.40. The company has a market capitalization of $45.00 billion, a P/E ratio of 14.92, a P/E/G ratio of 2.08 and a beta of 1.01. The stock's fifty day simple moving average is $42.69 and its two-hundred day simple moving average is $40.55. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.00 and a current ratio of 1.41.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.55 by $0.08. The firm had revenue of $6.91 billion for the quarter, compared to analyst estimates of $6.64 billion. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The business's quarterly revenue was down 3.2% compared to the same quarter last year. During the same period last year, the firm earned $0.57 earnings per share. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. On average, research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were issued a $0.23 dividend. The ex-dividend date was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.0%. Baker Hughes's dividend payout ratio is currently 30.07%.

Insider Activity at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total value of $23,390,150.56. Following the completion of the sale, the chief executive officer owned 667,593 shares in the company, valued at $29,654,481.06. This represents a 44.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.27% of the stock is currently owned by corporate insiders.

Baker Hughes 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.