Maria C. Borras Sells 8,000 Shares of Baker Hughes (NASDAQ:BKR) Stock

Baker Hughes (NASDAQ:BKR) EVP Maria C. Borras sold 8,000 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $44.77, for a total value of $358,160.00. Following the completion of the transaction, the executive vice president now owns 173,302 shares of the company’s stock, valued at $7,758,730.54. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Baker Hughes Trading Down 0.5 %

BKR opened at $43.07 on Thursday. The company has a fifty day moving average price of $43.03 and a two-hundred day moving average price of $38.94. Baker Hughes has a 1-year low of $28.32 and a 1-year high of $47.47. The company has a market cap of $42.62 billion, a P/E ratio of 19.31, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39. The company has a current ratio of 1.30, a quick ratio of 0.88 and a debt-to-equity ratio of 0.37.

Institutional Trading of Baker Hughes

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BKR. Avestar Capital LLC boosted its holdings in Baker Hughes by 11.0% in the fourth quarter. Avestar Capital LLC now owns 7,844 shares of the company’s stock worth $322,000 after acquiring an additional 775 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Baker Hughes by 0.8% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 5,541,076 shares of the company’s stock worth $230,271,000 after purchasing an additional 45,324 shares during the period. Summit Trail Advisors LLC lifted its holdings in shares of Baker Hughes by 44.1% in the 4th quarter. Summit Trail Advisors LLC now owns 9,340 shares of the company’s stock worth $383,000 after purchasing an additional 2,858 shares in the last quarter. Paladin Wealth LLC acquired a new stake in Baker Hughes in the 4th quarter valued at $456,000. Finally, Savant Capital LLC increased its stake in Baker Hughes by 4.9% during the 4th quarter. Savant Capital LLC now owns 103,248 shares of the company’s stock valued at $4,235,000 after purchasing an additional 4,851 shares in the last quarter. 92.06% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on BKR shares. The Goldman Sachs Group raised their price objective on shares of Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Bank of America lifted their price target on shares of Baker Hughes from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Royal Bank of Canada boosted their price objective on shares of Baker Hughes from $43.00 to $49.00 and gave the stock an “outperform” rating in a research note on Thursday, December 12th. Stifel Nicolaus raised their target price on Baker Hughes from $45.00 to $48.00 and gave the stock a “buy” rating in a research report on Monday, November 25th. Finally, Citigroup upped their price target on Baker Hughes from $42.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $48.06.

Baker Hughes Company 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.