RPG Investment Advisory LLC Purchases 275,686 Shares of Baker Hughes Company $BKR

RPG Investment Advisory LLC boosted its position in shares of Baker Hughes Company (NASDAQ:BKR) by 67.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 686,306 shares of the company’s stock after purchasing an additional 275,686 shares during the period. Baker Hughes comprises 2.2% of RPG Investment Advisory LLC’s holdings, making the stock its 19th largest position. RPG Investment Advisory LLC owned approximately 0.07% of Baker Hughes worth $30,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in BKR. Jump Financial LLC increased its holdings in Baker Hughes by 71.0% during the 4th quarter. Jump Financial LLC now owns 14,509 shares of the company’s stock worth $595,000 after purchasing an additional 6,026 shares in the last quarter. First Trust Advisors LP increased its holdings in Baker Hughes by 6.6% during the 4th quarter. First Trust Advisors LP now owns 1,151,579 shares of the company’s stock worth $47,238,000 after purchasing an additional 71,017 shares in the last quarter. MML Investors Services LLC increased its holdings in Baker Hughes by 152.2% during the 4th quarter. MML Investors Services LLC now owns 43,735 shares of the company’s stock worth $1,794,000 after purchasing an additional 26,395 shares in the last quarter. MGO One Seven LLC increased its holdings in Baker Hughes by 8.4% during the 4th quarter. MGO One Seven LLC now owns 9,128 shares of the company’s stock worth $374,000 after purchasing an additional 704 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. acquired a new stake in Baker Hughes in the 4th quarter valued at $1,327,000. Institutional investors own 92.06% of the company’s stock.

Insider Activity

In other news, CEO Lorenzo Simonelli sold 526,568 shares of the business’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 value of $23,390,150.56. Following the sale, the chief executive officer owned 667,593 shares of the company’s stock, valued at $29,654,481.06. The trade was a 44.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.27% of the stock is currently owned by company insiders.

Baker Hughes Trading Up 1.4%

BKR opened at $43.46 on Friday. The company has a market cap of $42.85 billion, a P/E ratio of 14.20, a price-to-earnings-growth ratio of 1.95 and a beta of 0.94. The company has a fifty day moving average price of $41.24 and a two-hundred day moving average price of $40.78. Baker Hughes Company has a 1-year low of $32.25 and a 1-year high of $49.40. The company has a current ratio of 1.41, a quick ratio of 1.00 and a debt-to-equity ratio of 0.33.

Baker Hughes (NASDAQ:BKR) last issued its quarterly earnings results on Tuesday, July 22nd. The company reported $0.63 earnings per share (EPS) 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 analyst estimates of $6.64 billion. During the same quarter last year, the business posted $0.57 EPS. Baker Hughes’s quarterly revenue 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. Analysts predict that Baker Hughes Company will post 2.59 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared 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 2.1%. Baker Hughes’s payout ratio is 30.07%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered their price objective on shares of Baker Hughes from $42.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, July 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $53.00 price objective (up previously from $46.00) on shares of Baker Hughes in a report on Wednesday, July 30th. Piper Sandler cut their price target on shares of Baker Hughes from $53.00 to $50.00 and set an “overweight” rating for the company in a report on Thursday, April 24th. Melius began coverage on shares of Baker Hughes in a report on Wednesday. They set a “buy” rating and a $60.00 price target for the company. Finally, Evercore ISI raised their target price on shares of Baker Hughes from $53.00 to $55.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Twenty investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $52.29.

Baker Hughes 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.