Traders sold shares of Baker Hughes Inc. (NYSE:BHI) on strength during trading hours on Friday. $33.45 million flowed into the stock on the tick-up and $62.02 million flowed out of the stock on the tick-down, for a money net flow of $28.57 million out of the stock. Of all companies tracked, Baker Hughes had the 10th highest net out-flow for the day. Baker Hughes traded up $1.15 for the day and closed at $49.76

Several analysts recently commented on the company. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $66.00 price objective on shares of Baker Hughes in a report on Friday, April 15th. Morgan Stanley lifted their price objective on Baker Hughes from $47.00 to $53.00 and gave the stock an “equal weight” rating in a report on Tuesday, April 19th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $36.00 price objective on shares of Baker Hughes in a report on Wednesday, April 20th. Citigroup Inc. cut their price objective on Baker Hughes from $57.00 to $53.00 and set a “buy” rating for the company in a report on Monday, April 25th. Finally, KeyCorp reaffirmed a “buy” rating on shares of Baker Hughes in a report on Monday, April 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $53.39.

The firm’s market cap is $21.29 billion. The company’s 50-day moving average price is $45.69 and its 200-day moving average price is $44.90.

Baker Hughes (NYSE:BHI) last announced its quarterly earnings data on Thursday, July 28th. The oilfield services provider reported ($0.90) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.59) by $0.31. The company had revenue of $2.40 billion for the quarter, compared to analyst estimates of $2.34 billion. The business’s revenue for the quarter was down 39.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.14) earnings per share. Equities analysts forecast that Baker Hughes Inc. will post ($2.16) EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, August 4th.

In other Baker Hughes news, SVP Alan R. Crain, Jr. sold 7,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $47.01, for a total transaction of $329,070.00. Following the transaction, the senior vice president now owns 51,385 shares of the company’s stock, valued at $2,415,608.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Alan R. Crain, Jr. sold 20,000 shares of the stock in a transaction that occurred on Monday, May 23rd. The stock was sold at an average price of $44.80, for a total transaction of $896,000.00. Following the transaction, the senior vice president now directly owns 58,254 shares in the company, valued at approximately $2,609,779.20. The disclosure for this sale can be found here.

A number of institutional investors recently bought and sold shares of the company. American International Group Inc. increased its position in Baker Hughes by 3.5% in the fourth quarter. American International Group Inc. now owns 202,876 shares of the oilfield services provider’s stock worth $9,362,000 after buying an additional 6,862 shares in the last quarter. BlackRock Advisors LLC increased its position in Baker Hughes by 4.0% in the fourth quarter. BlackRock Advisors LLC now owns 1,331,654 shares of the oilfield services provider’s stock worth $61,455,000 after buying an additional 51,014 shares in the last quarter. State of Tennessee Treasury Department increased its position in Baker Hughes by 38.2% in the fourth quarter. State of Tennessee Treasury Department now owns 666,614 shares of the oilfield services provider’s stock worth $30,764,000 after buying an additional 184,362 shares in the last quarter. Flippin Bruce & Porter Inc. increased its position in Baker Hughes by 58.2% in the fourth quarter. Flippin Bruce & Porter Inc. now owns 43,468 shares of the oilfield services provider’s stock worth $2,006,000 after buying an additional 15,995 shares in the last quarter. Finally, I.G. Investment Management LTD. increased its position in Baker Hughes by 3.5% in the fourth quarter. I.G. Investment Management LTD. now owns 45,284 shares of the oilfield services provider’s stock worth $2,090,000 after buying an additional 1,522 shares in the last quarter.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. The Company also provides industrial products and services for other businesses, including downstream chemicals, and process and pipeline services.

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