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

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

Baker Hughes Trading Down 0.6 %

BKR traded down $0.27 during trading on Tuesday, hitting $43.28. 7,009,940 shares of the stock traded hands, compared to its average volume of 6,880,536. The firm has a market capitalization of $42.83 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 0.88 and a beta of 1.39. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.30 and a quick ratio of 0.88. The firm has a 50-day moving average of $43.02 and a 200 day moving average of $38.87. Baker Hughes has a 12-month low of $28.32 and a 12-month high of $47.47.

Institutional Trading of Baker Hughes

A number of large investors have recently made changes to their positions in BKR. AXA S.A. increased its position in Baker Hughes by 7.5% in the second quarter. AXA S.A. now owns 106,245 shares of the company’s stock worth $3,737,000 after purchasing an additional 7,394 shares during the last quarter. APG Asset Management N.V. increased its position in Baker Hughes by 121.4% in the second quarter. APG Asset Management N.V. now owns 250,172 shares of the company’s stock worth $8,210,000 after purchasing an additional 137,175 shares during the last quarter. Dark Forest Capital Management LP bought a new stake in Baker Hughes in the second quarter worth $257,000. The Manufacturers Life Insurance Company increased its position in Baker Hughes by 13.4% in the second quarter. The Manufacturers Life Insurance Company now owns 868,796 shares of the company’s stock worth $30,556,000 after purchasing an additional 102,352 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Baker Hughes by 49.9% during the second quarter. Mackenzie Financial Corp now owns 321,831 shares of the company’s stock valued at $11,319,000 after acquiring an additional 107,163 shares during the last quarter. 92.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on BKR shares. Jefferies Financial Group upped their price target on shares of Baker Hughes from $48.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. TD Cowen dropped their price target on Baker Hughes from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Argus upgraded Baker Hughes from a “hold” rating to a “buy” rating in a report on Friday, October 25th. The Goldman Sachs Group raised their price target on Baker Hughes from $51.00 to $52.00 and gave the company a “buy” rating in a research note on Thursday, January 23rd. Finally, BMO Capital Markets raised their price target on Baker Hughes from $43.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Three analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.06.

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.