Insider Selling: Baker Hughes (NASDAQ:BKR) CEO Sells 181,411 Shares of Stock

Posted by George Bondi on Jun 16th, 2026

Baker Hughes Company (NASDAQ:BKR – Get Free Report) CEO Lorenzo Simonelli sold 181,411 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $63.36, for a total value of $11,494,200.96. Following the sale, the chief executive officer owned 784,944 shares in the company, valued at $49,734,051.84. The trade was a 18.77% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Baker Hughes Stock Down 1.6%

BKR traded down $0.98 on Tuesday, hitting $61.48. 6,105,498 shares of the company were exchanged, compared to its average volume of 9,082,733. The stock’s fifty day moving average is $64.16 and its 200-day moving average is $58.03. The company has a market cap of $60.99 billion, a PE ratio of 19.64, a PEG ratio of 2.25 and a beta of 0.93. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.77 and a current ratio of 2.13. Baker Hughes Company has a 12 month low of $37.38 and a 12 month high of $70.41.

Baker Hughes (NASDAQ:BKR – Get Free Report) last announced its quarterly earnings results on Thursday, April 23rd. The company reported $0.58 earnings per share for the quarter, topping analysts’ consensus estimates of $0.49 by $0.09. The firm had revenue of $6.59 billion for the quarter, compared to the consensus estimate of $6.71 billion. Baker Hughes had a return on equity of 14.17% and a net margin of 11.17%.The business’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. Equities research analysts predict that Baker Hughes Company will post 2.31 EPS for the current fiscal year.

Baker Hughes Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Tuesday, May 5th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, May 5th. Baker Hughes’s payout ratio is 29.39%.

Institutional Trading of Baker Hughes

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

Analyst Ratings Changes

BKR has been the topic of several research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Baker Hughes in a research report on Friday, April 24th. Jefferies Financial Group restated a “buy” rating and set a $80.00 target price on shares of Baker Hughes in a research note on Sunday, April 26th. Piper Sandler increased their price target on Baker Hughes from $64.00 to $72.00 and gave the company an “overweight” rating in a research note on Tuesday, April 28th. UBS Group increased their price target on Baker Hughes from $69.00 to $73.00 and gave the company a “neutral” rating in a research note on Monday, April 27th. Finally, Royal Bank Of Canada increased their price objective on Baker Hughes from $68.00 to $71.00 and gave the company an “outperform” rating in a report on Monday, April 27th. Eighteen investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Baker Hughes has a consensus rating of “Moderate Buy” and a consensus price target of $69.14.

Read Our Latest Analysis on BKR

Baker Hughes Company Profile

(Get Free Report)

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.