Baker Hughes stock is trading -22.92% below its average target price of $47.23 after marking a 2.9% during today's afternoon session. Analysts are giving the Large-Cap Metal Fabrication company an average rating of buy and target prices ranging from $39.0 to $56.0 per share.
The stock has an average amount of shares sold short at 3.6%, and a short ratio of 2.9. The company's insiders own 0.15% of its outstanding shares, which indicates a strong alignment between management and shareholder interests. Finally, we also note that a significant number of institutional investors are invested in the stock, with 98.4% of Baker Hughes's shares being owned by this investor type.
Institutions Invested in Baker Hughes
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-12-31 | Vanguard Group Inc | 15% | 121,193,715 | $4,412,663,144 |
| 2024-12-31 | Blackrock Inc. | 11% | 94,424,959 | $3,438,012,742 |
| 2024-12-31 | JPMORGAN CHASE & CO | 10% | 82,998,814 | $3,021,986,805 |
| 2024-12-31 | State Street Corporation | 8% | 64,724,883 | $2,356,632,980 |
| 2024-12-31 | Dodge & Cox Inc | 6% | 45,658,130 | $1,662,412,506 |
| 2024-12-31 | Capital World Investors | 4% | 32,519,138 | $1,184,021,809 |
| 2024-12-31 | Capital Research Global Investors | 3% | 27,687,590 | $1,008,105,147 |
| 2024-12-31 | Geode Capital Management, LLC | 3% | 24,543,925 | $893,644,305 |
| 2024-12-31 | NORGES BANK | 2% | 20,211,885 | $735,914,729 |
| 2024-12-31 | FIL LTD | 2% | 16,036,161 | $583,876,619 |
Besides an analyst consensus of strong upside potential, other market factors point to there being mixed market sentiment on Baker Hughes.
