Banco Bilbao Vizcaya Argentaria S.A. Increases Stock Position in Baker Hughes Company $BKR

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. raised its holdings in Baker Hughes Company (NASDAQ:BKR - Free Report) by 63.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 504,649 shares of the company's stock after buying an additional 195,430 shares during the period. Banco Bilbao Vizcaya Argentaria S.A. owned about 0.05% of Baker Hughes worth $22,206,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in BKR. Groupama Asset Managment lifted its stake in Baker Hughes by 35.5% during the first quarter. Groupama Asset Managment now owns 1,432,341 shares of the company's stock worth $61,705,000 after purchasing an additional 374,978 shares during the last quarter. Van Lanschot Kempen Investment Management N.V. purchased a new position in Baker Hughes in the first quarter valued at approximately $6,146,000. Legacy Financial Advisors Inc. acquired a new stake in Baker Hughes during the first quarter worth approximately $216,000. Fuller & Thaler Asset Management Inc. lifted its position in shares of Baker Hughes by 26.1% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 40,780 shares of the company's stock worth $1,792,000 after buying an additional 8,440 shares during the last quarter. Finally, Wellington Management Group LLP lifted its position in shares of Baker Hughes by 11.2% during the 1st quarter. Wellington Management Group LLP now owns 506,774 shares of the company's stock worth $22,273,000 after buying an additional 51,060 shares during the last quarter. Institutional investors and hedge funds own 92.06% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Barclays increased their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research report on Thursday, July 24th. Industrial Alliance Securities set a $53.00 price objective on shares of Baker Hughes in a research note on Wednesday, July 30th. The Goldman Sachs Group cut their target price on Baker Hughes from $42.00 to $41.00 and set a "buy" rating on the stock in a research report on Wednesday, July 2nd. Melius assumed coverage on Baker Hughes in a report on Wednesday. They issued a "buy" rating and a $60.00 target price for the company. Finally, BMO Capital Markets restated an "outperform" rating and set a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $52.29.

Baker Hughes Stock Performance

Shares of NASDAQ:BKR traded up $0.61 on Thursday, reaching $43.46. The company's stock had a trading volume of 4,265,380 shares, compared to its average volume of 6,571,191. Baker Hughes Company has a 52-week low of $32.25 and a 52-week high of $49.40. The stock has a market capitalization of $42.85 billion, a P/E ratio of 14.20, a PEG ratio of 1.95 and a beta of 0.94. The stock's 50-day moving average is $41.24 and its two-hundred day moving average is $40.78. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.41 and a quick ratio of 1.00.

Baker Hughes (NASDAQ:BKR - Get Free Report) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.08. Baker Hughes had a return on equity of 14.56% and a net margin of 11.04%.The firm had revenue of $6.91 billion for the quarter, compared to analysts' expectations of $6.64 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The firm's revenue for the quarter was down 3.2% on a year-over-year basis. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. As a group, sell-side analysts forecast that Baker Hughes Company will post 2.59 EPS for the current year.

Baker Hughes Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Tuesday, August 5th were issued a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 2.1%. Baker Hughes's dividend payout ratio (DPR) is currently 30.07%.

Insiders Place Their Bets

In related news, CEO Lorenzo Simonelli sold 526,568 shares of Baker Hughes stock in a transaction on 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 transaction, the chief executive officer directly owned 667,593 shares in the company, valued at $29,654,481.06. This trade represents a 44.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by company 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.