Traders sold shares of Baker Hughes Inc. (NYSE:BHI) on strength during trading on Monday. $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 equities tracked, Baker Hughes had the 0th highest net out-flow for the day. Baker Hughes traded up $1.15 for the day and closed at $49.76

A number of brokerages have recently weighed in on BHI. Jefferies Group reiterated a “hold” rating on shares of Baker Hughes in a research report on Thursday, August 11th. Argus lifted their price objective on Baker Hughes from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Tuesday, August 9th. Atlantic Securities began coverage on Baker Hughes in a research report on Monday, August 8th. They issued an “underweight” rating and a $37.00 price objective on the stock. Citigroup Inc. reiterated a “buy” rating and issued a $54.00 price objective on shares of Baker Hughes in a research report on Tuesday, August 2nd. Finally, Credit Suisse Group AG set a $56.00 price objective on Baker Hughes and gave the stock a “buy” rating in a research report on Monday, August 1st. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, nineteen have given a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $53.39.

The firm’s market capitalization is $21.62 billion. The firm has a 50-day moving average price of $45.85 and a 200-day moving average price of $45.02.

Baker Hughes (NYSE:BHI) last issued its earnings results on Thursday, July 28th. The oilfield services provider reported ($0.90) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.59) by $0.31. The company earned $2.40 billion during the quarter, compared to the consensus estimate of $2.34 billion. Baker Hughes’s revenue was down 39.3% compared to the same quarter last year. During the same period last year, the business earned ($0.14) EPS. On average, equities research analysts forecast that Baker Hughes Inc. will post ($2.21) EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Monday, August 8th will be paid a $0.17 dividend. The ex-dividend date is Thursday, August 4th. This represents a $0.68 dividend on an annualized basis and a yield of 1.34%.

In related news, SVP Alan R. Crain, Jr. sold 1,226 shares of the firm’s stock in a transaction on Monday, August 8th. The stock was sold at an average price of $48.00, for a total value of $58,848.00. Following the completion of the transaction, the senior vice president now owns 50,159 shares in the company, valued at approximately $2,407,632. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alan R. Crain, Jr. sold 20,000 shares of Baker Hughes stock in a transaction dated Monday, May 23rd. The shares were sold at an average price of $44.80, for a total value of $896,000.00. Following the transaction, the senior vice president now owns 58,254 shares of the company’s stock, valued at approximately $2,609,779.20. The disclosure for this sale can be found here.

Several institutional investors recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. raised its position in Baker Hughes by 36.1% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 45,450 shares of the oilfield services provider’s stock worth $2,098,000 after buying an additional 12,050 shares during the last quarter. BlackRock Advisors LLC raised 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 during the last quarter. State of Tennessee Treasury Department raised 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 during the last quarter. Flippin Bruce & Porter Inc. raised 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 during the last quarter. Finally, I.G. Investment Management LTD. raised 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 during 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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