UMB Bank n.a. Has $256,000 Stake in Baker Hughes Company $BKR

Key Points

• UMB Bank n.a. has significantly decreased its stake in Baker Hughes Company by 92% in the second quarter, now holding 6,672 shares valued at $256,000.
• Analysts have mixed evaluations for Baker Hughes, with Barclays and BMO Capital Markets raising their price targets to $53.00, while Goldman Sachs lowered theirs to $41.00.
• Baker Hughes reported earnings per share of $0.63, surpassing expectations, despite a 3.2% decline in revenue compared to the previous year, totaling $6.91 billion.

UMB Bank n.a. reduced its stake in Baker Hughes Company (NASDAQ:BKR - Free Report) by 92.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,672 shares of the company's stock after selling 76,248 shares during the period. UMB Bank n.a.'s holdings in Baker Hughes were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in BKR. Wayfinding Financial LLC bought a new position in shares of Baker Hughes in the first quarter worth $28,000. N.E.W. Advisory Services LLC acquired a new stake in Baker Hughes during the first quarter worth about $30,000. Golden State Wealth Management LLC increased its holdings in Baker Hughes by 678.7% in the 1st quarter. Golden State Wealth Management LLC now owns 693 shares of the company's stock valued at $30,000 after buying an additional 604 shares during the period. Grove Bank & Trust raised its position in shares of Baker Hughes by 76.2% in the 1st quarter. Grove Bank & Trust now owns 740 shares of the company's stock valued at $33,000 after buying an additional 320 shares in the last quarter. Finally, Spire Wealth Management lifted its holdings in shares of Baker Hughes by 132.9% during the 1st quarter. Spire Wealth Management now owns 815 shares of the company's stock worth $36,000 after acquiring an additional 465 shares during the period. Institutional investors own 92.06% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on BKR. Barclays boosted their price objective 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. BMO Capital Markets reissued an "outperform" rating and set a $53.00 price target (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. The Goldman Sachs Group dropped their price objective on Baker Hughes from $42.00 to $41.00 and set a "buy" rating for the company in a research report on Wednesday, July 2nd. Susquehanna lifted their target price on Baker Hughes from $46.00 to $52.00 and gave the company a "positive" rating in a research report on Thursday, July 24th. Finally, Melius began coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 target price for the company. Twenty-one investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $52.32.

Baker Hughes Stock Up 0.7%

Shares of NASDAQ BKR opened at $47.67 on Tuesday. The company's 50 day moving average price is $44.27 and its 200-day moving average price is $40.79. 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 Company has a 52-week low of $33.60 and a 52-week high of $49.40. The company has a market capitalization of $47.00 billion, a P/E ratio of 15.58, a price-to-earnings-growth ratio of 2.15 and a beta of 1.01.

Baker Hughes (NASDAQ:BKR - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.55 by $0.08. Baker Hughes had a net margin of 11.04% and a return on equity of 14.56%. The company had revenue of $6.91 billion during the quarter, compared to analysts' expectations of $6.64 billion. During the same period in the prior year, the company posted $0.57 earnings per share. Baker Hughes's revenue for the quarter was down 3.2% compared to the same quarter last year. Baker Hughes has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Equities 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Tuesday, August 5th. This represents a $0.92 annualized dividend and a dividend yield of 1.9%. Baker Hughes's dividend payout ratio (DPR) is 30.07%.

Insider Activity

In related news, CEO Lorenzo Simonelli sold 526,568 shares of the company's stock in a transaction dated Wednesday, July 23rd. The stock was sold at an average price of $44.42, for a total transaction of $23,390,150.56. Following 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.27% of the stock is owned by corporate insiders.

About Baker Hughes

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.

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