Patton Fund Management Inc. Purchases 69,726 Shares of Baker Hughes Company $BKR

Key Points

• Patton Fund Management boosted its stake in Baker Hughes by 1,153.8% in Q4, buying 69,726 shares to hold 75,769 shares valued at about $3.45 million, while institutional investors collectively own roughly 92.06% of the stock.
• Baker Hughes agreed to sell Waygate Technologies to Hexagon for about $1.45 billion, a deal that provides immediate liquidity and prompted some analyst price-target increases but could remove recurring inspection revenue and may have limited long‑term impact given the company’s ~$62 billion market cap.
• Company insiders have been net sellers recently — selling 590,251 shares worth about $35.31 million over the past 90 days — leaving insiders with only 0.27% ownership.

Patton Fund Management Inc. lifted its stake in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 1,153.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,769 shares of the company's stock after purchasing an additional 69,726 shares during the quarter. Patton Fund Management Inc.'s holdings in Baker Hughes were worth $3,451,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Woodline Partners LP raised its position in Baker Hughes by 40.8% in the first quarter. Woodline Partners LP now owns 83,650 shares of the company's stock valued at $3,676,000 after purchasing an additional 24,225 shares during the last quarter. Focus Partners Wealth raised its position in Baker Hughes by 5.6% in the first quarter. Focus Partners Wealth now owns 18,481 shares of the company's stock valued at $812,000 after purchasing an additional 986 shares during the last quarter. Jump Financial LLC bought a new position in Baker Hughes in the second quarter valued at about $2,301,000. NewEdge Advisors LLC raised its position in Baker Hughes by 4.0% in the second quarter. NewEdge Advisors LLC now owns 46,407 shares of the company's stock valued at $1,779,000 after purchasing an additional 1,768 shares during the last quarter. Finally, Nebula Research & Development LLC bought a new position in Baker Hughes in the second quarter valued at about $1,014,000. 92.06% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, insider Maria Georgia Magno sold 5,063 shares of the company's stock in a transaction that occurred on Wednesday, March 11th. The stock was sold at an average price of $59.04, for a total transaction of $298,919.52. Following the transaction, the insider directly owned 15,555 shares of the company's stock, valued at $918,367.20. This represents a 24.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director William G. Beattie sold 18,023 shares of the stock in a transaction on Tuesday, February 3rd. The stock was sold at an average price of $57.29, for a total value of $1,032,537.67. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 590,251 shares of company stock worth $35,311,023. Company insiders own 0.27% of the company's stock.

More Baker Hughes News

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

• Positive Sentiment: Sale generates roughly $1.45B in cash, giving Baker Hughes immediate liquidity that can be used to reduce debt, fund buybacks/accretive M&A, or support shareholder returns; the deal also refocuses the company on core oilfield services and energy technology. Baker Hughes Announces Sale of Waygate Technologies to Hexagon
• Positive Sentiment: At least one shop has raised Baker Hughes’ price target (to $66), reflecting analysts incorporating the divestiture and updated cash/earnings assumptions — a sign of improving sell‑side sentiment. Baker Hughes NASDAQ: BKR Price Target Raised to $66.00
• Neutral Sentiment: Recent quarterly results showed an EPS beat and revenue outperformance, giving the company a foundation to rework valuation models; investors should watch how analysts fold the Waygate sale into forward estimates. Reflecting On Oilfield Services Stocks’ Q4 Earnings: Baker Hughes NASDAQ: BKR
• Neutral Sentiment: Coverage notes and morning-watch lists flagged BKR as a name to monitor after the announcement; these mentions can boost intraday volume but don’t guarantee sustained price direction. 4 stocks to watch on Monday: RVMD, GS, BKR, MCD
• Negative Sentiment: The divestiture removes Waygate’s recurring inspection revenues and could produce only a one‑time accounting gain; investors should watch near‑term revenue and margin guidance for any downward revisions. Baker Hughes sells Waygate unit to Hexagon for about $1.45 billion
• Negative Sentiment: $1.45B is modest versus Baker Hughes’ ~$62B market cap, so the deal may not move long‑term valuation materially; plus closing is subject to approvals and timing risk, which can delay any shareholder benefit. Baker Hughes to Sell Waygate Unit to Sweden's Hexagon For Around $1.45 Billion

Baker Hughes Trading Down 0.4%

Shares of BKR stock opened at $62.56 on Tuesday. The stock has a 50-day moving average of $60.90 and a 200-day moving average of $52.96. Baker Hughes Company has a 1-year low of $34.56 and a 1-year high of $67.00. The stock has a market cap of $61.82 billion, a price-to-earnings ratio of 24.06, a PEG ratio of 1.75 and a beta of 0.90. The company has a current ratio of 1.36, a quick ratio of 1.00 and a debt-to-equity ratio of 0.28.

Baker Hughes (NASDAQ:BKR - Get Free Report) last released its earnings results on Monday, January 26th. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.67 by $0.11. Baker Hughes had a return on equity of 14.26% and a net margin of 9.33%.The business had revenue of $7.39 billion during the quarter, compared to analysts' expectations of $7.09 billion. During the same quarter last year, the firm posted $0.70 earnings per share. The firm's revenue was up .3% on a year-over-year basis. On average, equities research analysts forecast that Baker Hughes Company will post 2.59 earnings per share for the current year.

Baker Hughes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Tuesday, February 17th were paid a dividend of $0.23 per share. The ex-dividend date of this dividend was Tuesday, February 17th. This represents a $0.92 annualized dividend and a yield of 1.5%. Baker Hughes's dividend payout ratio (DPR) is currently 35.38%.

Wall Street Analyst Weigh In

Several equities analysts have commented on BKR shares. Stifel Nicolaus increased their target price on Baker Hughes from $58.00 to $63.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. TD Cowen increased their target price on Baker Hughes from $55.00 to $64.00 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Citigroup increased their target price on Baker Hughes from $64.00 to $69.00 and gave the company a "buy" rating in a research report on Monday, April 6th. Susquehanna increased their price target on Baker Hughes from $65.00 to $70.00 and gave the company a "positive" rating in a research note on Tuesday, April 7th. Finally, Weiss Ratings reissued a "buy (b)" rating on shares of Baker Hughes in a research note on Monday, December 29th. Twenty analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $60.70.

About Baker Hughes

Baker Hughes is an energy technology company that provides a broad portfolio of products, services and digital solutions for the oil and gas and industrial markets. Its offerings span oilfield services and equipment — including drilling, evaluation, completion and production technologies — as well as turbomachinery, compressors and related process equipment used in midstream and downstream operations. The company also supplies aftermarket services, field support and integrated solutions designed to improve asset performance and uptime across the energy value chain.

The firm's roots trace back to the merger of Baker International and Hughes Tool Company, and more recently it combined with GE's oil and gas business in 2017 to form Baker Hughes, a GE company (BHGE); subsequent changes in ownership restored Baker Hughes as an independent publicly traded company.

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