Lido Advisors LLC Sells 8,882 Shares of Baker Hughes Company $BKR

Lido Advisors LLC cut its position in Baker Hughes Company (NASDAQ:BKR) by 27.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 23,186 shares of the company’s stock after selling 8,882 shares during the period. Lido Advisors LLC’s holdings in Baker Hughes were worth $1,416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. EFG International AG bought a new stake in Baker Hughes in the 4th quarter valued at about $26,000. Cullen Frost Bankers Inc. increased its stake in shares of Baker Hughes by 344.1% in the fourth quarter. Cullen Frost Bankers Inc. now owns 604 shares of the company’s stock worth $27,000 after purchasing an additional 468 shares in the last quarter. Quarry LP bought a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $31,000. MV Capital Management Inc. bought a new stake in shares of Baker Hughes in the fourth quarter valued at approximately $34,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of Baker Hughes during the 4th quarter valued at approximately $35,000. Institutional investors own 92.06% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating on shares of Baker Hughes in a report on Thursday, July 9th. Zacks Research raised shares of Baker Hughes from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Stifel Nicolaus increased their target price on Baker Hughes from $63.00 to $74.00 and gave the stock a “buy” rating in a research report on Monday, April 27th. Citigroup raised their price target on Baker Hughes from $74.00 to $75.00 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Wall Street Zen upgraded Baker Hughes from a “hold” rating to a “buy” rating in a research report on Tuesday. Eighteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $70.00.

Baker Hughes Price Performance

BKR stock opened at $60.59 on Tuesday. The firm has a 50 day moving average of $59.89 and a 200-day moving average of $60.05. The firm has a market capitalization of $60.11 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 2.38 and a beta of 0.96. Baker Hughes Company has a 12 month low of $41.96 and a 12 month high of $70.41. The company has a current ratio of 2.13, a quick ratio of 1.77 and a debt-to-equity ratio of 0.79.

Baker Hughes (NASDAQ:BKR) last posted its earnings results on Sunday, July 26th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.13. Baker Hughes had a net margin of 11.17% and a return on equity of 14.17%. The business had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.54 billion. During the same quarter in the prior year, the firm posted $0.63 EPS. Baker Hughes’s revenue was up 2.4% on a year-over-year basis. As a group, sell-side analysts predict that Baker Hughes Company will post 2.26 earnings per share for the current fiscal year.

Baker Hughes Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Friday, August 7th will be issued a $0.23 dividend. The ex-dividend date of this dividend is Friday, August 7th. This represents a $0.92 annualized dividend and a dividend yield of 1.5%. Baker Hughes’s dividend payout ratio is presently 29.39%.

Key Baker Hughes News

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

• Positive Sentiment: Baker Hughes reported adjusted second-quarter EPS of $0.64, topping the $0.49 consensus estimate, while revenue of $6.74 billion exceeded expectations by $230 million and rose 2.4% year over year. Baker Hughes earnings report
• Positive Sentiment: The Industrial & Energy Technology segment was the primary growth driver. Second-quarter orders reached $10.5 billion, including $7.1 billion from IET, while total remaining performance obligations reached $40.1 billion, supported by a record $37.1 billion IET backlog. Baker Hughes second-quarter results
• Positive Sentiment: The company secured a major LNG technology order from Venture Global for the CP2 expansion in Louisiana, reinforcing its exposure to LNG infrastructure and long-term energy demand. Baker Hughes Venture Global LNG order
• Positive Sentiment: Baker Hughes declared a quarterly dividend of $0.23 per share, payable August 17 to shareholders of record August 7, providing continued income support for investors. Baker Hughes dividend announcement
• Neutral Sentiment: Third-quarter revenue guidance was approximately $6.9 billion, broadly in line with analyst expectations. The company did not provide a clear EPS guidance figure in the supplied update.
• Negative Sentiment: Baker Hughes expects global oil and gas producer spending to decline modestly in 2026, with lower spending in Europe and the Middle East offsetting growth elsewhere. The company also saw unusually heavy put-option activity, signaling increased near-term hedging or bearish speculation. Reuters oil and gas spending outlook
• Negative Sentiment: Some analysts view BKR as fairly valued after its rally. Potential volatility from Middle East tensions, commodity prices and the Chart Industries integration could limit further upside despite strong operating momentum.

Insider Buying and Selling at Baker Hughes

In related news, CAO Rebecca L. Charlton sold 5,088 shares of Baker Hughes stock in a transaction on Wednesday, June 3rd. The stock was sold at an average price of $64.22, for a total transaction of $326,751.36. Following the completion of the sale, the chief accounting officer owned 15,997 shares of the company’s stock, valued at approximately $1,027,327.34. This trade represents a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Lorenzo Simonelli sold 181,411 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $58.43, for a total value of $10,599,844.73. Following the transaction, the chief executive officer owned 703,444 shares of the company’s stock, valued at approximately $41,102,232.92. The trade was a 20.50% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 367,910 shares of company stock worth $22,420,797. Insiders own 0.19% of the company’s stock.

Baker Hughes Company Profile

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.