This afternoon we watched Baker Hughes drop -3.8% to a price of $34.67 per share. The Large-Cap Metal Fabrication company is now trading -19.55% below its average target price of $43.1. Analysts have set target prices ranging from $36.0 to $50.0 per share for Baker Hughes, and have given the stock an average rating of buy.
Baker Hughes's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.3%. The stock's short ratio is 3.04. The company's insiders own 0.12% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 98.0%. In conclusion, we believe there is mixed market sentiment regarding Baker Hughes.
Institutions Invested in Baker Hughes
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 15% | 121,453,296 | $4,211,392,946 |
| 2024-06-30 | Blackrock Inc. | 12% | 99,857,898 | $3,462,572,536 |
| 2024-06-30 | State Street Corporation | 8% | 67,576,678 | $2,343,221,258 |
| 2024-06-30 | JP Morgan Chase & Company | 7% | 55,015,176 | $1,907,651,185 |
| 2024-06-30 | Dodge & Cox Inc | 6% | 46,058,888 | $1,597,091,906 |
| 2024-06-30 | Capital World Investors | 5% | 37,592,426 | $1,303,517,342 |
| 2024-06-30 | Capital Research Global Investors | 3% | 27,911,050 | $967,815,637 |
| 2024-06-30 | Geode Capital Management, LLC | 3% | 23,954,921 | $830,636,867 |
| 2024-06-30 | Price (T.Rowe) Associates Inc | 3% | 21,156,743 | $733,610,047 |
| 2024-06-30 | FIL LTD | 2% | 19,039,817 | $660,205,639 |
