Baker Hughes A GE Co (NYSE:BHGE) was the recipient of unusually large options trading activity on Wednesday. Stock investors acquired 11,550 put options on the company. This represents an increase of approximately 1,739% compared to the typical volume of 628 put options.

In other Baker Hughes A GE news, CEO Lorenzo Simonelli bought 15,000 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average price of $20.61 per share, for a total transaction of $309,150.00. Following the completion of the transaction, the chief executive officer now directly owns 113,368 shares of the company’s stock, valued at $2,336,514.48. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Uwem Ukpong sold 16,686 shares of the stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $23.62, for a total transaction of $394,123.32. Following the transaction, the insider now owns 271 shares of the company’s stock, valued at approximately $6,401.02. The disclosure for this sale can be found here. 0.21% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Hartford Investment Management Co. raised its stake in Baker Hughes A GE by 1.3% in the second quarter. Hartford Investment Management Co. now owns 56,390 shares of the company’s stock valued at $1,389,000 after purchasing an additional 744 shares in the last quarter. Greenleaf Trust purchased a new position in shares of Baker Hughes A GE during the first quarter worth approximately $207,000. YorkBridge Wealth Partners LLC purchased a new position in shares of Baker Hughes A GE during the first quarter worth approximately $59,000. Geode Capital Management LLC raised its stake in shares of Baker Hughes A GE by 31.2% during the fourth quarter. Geode Capital Management LLC now owns 6,024,741 shares of the company’s stock worth $129,283,000 after acquiring an additional 1,432,685 shares in the last quarter. Finally, Shulman DeMeo Asset Management LLC purchased a new position in shares of Baker Hughes A GE during the second quarter worth approximately $265,000. 48.39% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on BHGE shares. TheStreet upgraded shares of Baker Hughes A GE from a “d+” rating to a “c-” rating in a research report on Thursday, June 20th. AltaCorp Capital restated an “outperform” rating on shares of Baker Hughes A GE in a research report on Thursday, June 20th. Bank of America cut their price objective on shares of Baker Hughes A GE from $32.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Credit Suisse Group raised their price objective on shares of Baker Hughes A GE from $27.00 to $28.00 and gave the company an “outperform” rating in a research report on Thursday, August 1st. Finally, Wells Fargo & Co cut their price objective on shares of Baker Hughes A GE from $31.00 to $30.00 and set an “outperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $34.87.

BHGE traded down $0.03 on Thursday, reaching $22.26. The company had a trading volume of 2,214,143 shares, compared to its average volume of 4,562,791. The business has a 50 day simple moving average of $22.90 and a 200 day simple moving average of $24.39. The company has a market cap of $25.10 billion, a price-to-earnings ratio of 33.39, a P/E/G ratio of 3.08 and a beta of 0.96. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.09 and a current ratio of 1.60. Baker Hughes A GE has a 52-week low of $20.09 and a 52-week high of $34.49.

Baker Hughes A GE (NYSE:BHGE) last announced its earnings results on Wednesday, July 31st. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $5.99 billion for the quarter, compared to the consensus estimate of $5.81 billion. Baker Hughes A GE had a net margin of 0.71% and a return on equity of 1.07%. Baker Hughes A GE’s quarterly revenue was up 8.0% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share. As a group, equities research analysts predict that Baker Hughes A GE will post 0.98 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Tuesday, August 13th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date was Monday, August 12th. Baker Hughes A GE’s dividend payout ratio is currently 109.09%.

Baker Hughes A GE Company Profile

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.

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