Baker Hughes Company $BKR Shares Sold by Yaupon Capital Management LP

Key Points

• Yaupon Capital Management LP has reduced its stake in Baker Hughes Company by 42.1%, now holding 269,628 shares valued at approximately $11.85 million.
• Analysts have varying price targets for Baker Hughes, with a consensus target of $52.29 and most ratings indicating a "Moderate Buy."
• Baker Hughes recently announced a quarterly dividend of $0.23 per share, representing an annualized yield of 2.0% and a payout ratio of 30.07%.

Yaupon Capital Management LP lessened its holdings in shares of Baker Hughes Company (NASDAQ:BKR - Free Report) by 42.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 269,628 shares of the company's stock after selling 195,681 shares during the period. Yaupon Capital Management LP's holdings in Baker Hughes were worth $11,850,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BKR. Vanguard Group Inc. grew its position in Baker Hughes by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 122,118,216 shares of the company's stock worth $5,367,096,000 after purchasing an additional 924,501 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Baker Hughes by 1.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,727,973 shares of the company's stock valued at $515,367,000 after buying an additional 175,495 shares during the period. Invesco Ltd. boosted its stake in shares of Baker Hughes by 2.7% in the first quarter. Invesco Ltd. now owns 10,790,132 shares of the company's stock worth $474,226,000 after buying an additional 283,454 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Baker Hughes by 3.9% during the first quarter. Alliancebernstein L.P. now owns 10,068,044 shares of the company's stock worth $442,491,000 after acquiring an additional 376,654 shares during the period. Finally, Nuveen LLC purchased a new position in Baker Hughes during the first quarter valued at approximately $404,385,000. 92.06% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on BKR shares. Jefferies Financial Group set a $58.00 price target on Baker Hughes in a report on Wednesday, July 30th. Barclays boosted their target price on shares of Baker Hughes from $48.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, July 24th. TD Cowen raised their price target on shares of Baker Hughes from $52.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, July 24th. Melius Research started coverage on shares of Baker Hughes in a report on Wednesday, August 20th. They issued a "buy" rating and a $60.00 price objective for the company. Finally, UBS Group reissued a "neutral" rating and set a $46.00 target price (up from $43.00) on shares of Baker Hughes in a research note on Wednesday, July 30th. Twenty research 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 stock has an average rating of "Moderate Buy" and an average price target of $52.29.

Insider Buying and Selling at Baker Hughes

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the firm's stock in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $44.42, for a total transaction 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 trade represents a 44.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.27% of the stock is currently owned by company insiders.

Baker Hughes Trading Down 1.0%

Baker Hughes stock traded down $0.48 during trading on Friday, reaching $46.49. 4,014,997 shares of the company were exchanged, compared to its average volume of 7,608,421. The stock's 50 day simple moving average is $43.26 and its two-hundred day simple moving average is $40.65. The company has a market capitalization of $45.83 billion, a P/E ratio of 15.19, a PEG ratio of 2.14 and a beta of 1.01. 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 Company has a 52-week low of $33.13 and a 52-week high of $49.40.

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

Baker Hughes Announces Dividend

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

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.