Baker Hughes Gains as Investors Weigh Chart Deal, Energy Tailwinds

Baker Hughes Company (BKR) is up 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver was continued investor reaction to Baker Hughes closing its acquisition of Chart Industries in mid-July, a deal that broadens the company’s exposure to LNG, industrial technology, and aftermarket services. The move may also reflect improving sentiment toward energy-related shares as crude prices remained elevated and investors positioned ahead of Baker Hughes’ second-quarter earnings release scheduled for July 26. Because there was no single clearly identified market-moving announcement on July 24, part of the gain could be due to this broader setup rather than one fresh headline.

Details:

Baker Hughes announced on July 16 that it completed the Chart Industries acquisition, adding cryogenic and gas-handling technologies to its portfolio.

The company said the deal is expected to deliver $325 million of annualized cost synergies by the third year after closing, with additional upside from commercial cross-selling opportunities.

Baker Hughes previously told investors it plans to report second-quarter 2026 results after the market closes on July 26, giving traders a near-term catalyst to focus on.

Energy market sentiment has recently been supported by elevated oil prices, which can improve expectations for oilfield activity and equipment demand across the sector.

Sources:

Baker Hughes, SEC, AP News

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$BKR Insider Trading Activity

$BKR insiders have traded $BKR stock on the open market 18 times in the past 6 months. Of those trades, 0 have been purchases and 18 have been sales.

Here’s a breakdown of recent trading of $BKR stock by insiders over the last 6 months:

LORENZO SIMONELLI (Chairman, President and CEO) has made 0 purchases and 4 sales selling 908,009 shares for an estimated $54,783,457.
MARIA C BORRAS (Chief Growth & Experience Ofcr) has made 0 purchases and 2 sales selling 115,060 shares for an estimated $6,519,891.
AHMED FARHAN MOGHAL (EVP, Chief Financial Officer) has made 0 purchases and 3 sales selling 41,494 shares for an estimated $2,566,854.
JAMES E APOSTOLIDES (Chief Infra & Performance Ofcr) has made 0 purchases and 3 sales selling 38,085 shares for an estimated $2,357,101.
MARIA GEORGIA MAGNO (Chief Legal Officer) has made 0 purchases and 2 sales selling 24,213 shares for an estimated $1,430,876.
WILLIAM G BEATTIE sold 18,023 shares for an estimated $1,032,537
REBECCA L CHARLTON (SVP, Controller & CAO) has made 0 purchases and 3 sales selling 7,916 shares for an estimated $484,949.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$BKR Hedge Fund Activity

We have seen 560 institutional investors add shares of $BKR stock to their portfolio, and 426 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 13,805,733 shares (-86.6%) from their portfolio in Q1 2026, for an estimated $842,839,999
FIL LTD removed 7,022,919 shares (-58.1%) from their portfolio in Q1 2026, for an estimated $428,749,204
DODGE & COX removed 4,887,880 shares (-12.0%) from their portfolio in Q1 2026, for an estimated $298,405,074
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 4,551,711 shares (-26.9%) from their portfolio in Q1 2026, for an estimated $277,881,956
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC removed 4,250,378 shares (-99.7%) from their portfolio in Q1 2026, for an estimated $259,485,576
BLACKROCK, INC. added 3,990,210 shares (+4.3%) to their portfolio in Q1 2026, for an estimated $243,602,320
CAPITAL RESEARCH GLOBAL INVESTORS removed 3,794,263 shares (-14.7%) from their portfolio in Q1 2026, for an estimated $231,639,756

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$BKR Analyst Ratings

Wall Street analysts have issued reports on $BKR in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Barclays issued a "Overweight" rating on 01/27/2026

To track analyst ratings and price targets for $BKR, check out Quiver Quantitative's $BKR forecast page.

$BKR Price Targets

Multiple analysts have issued price targets for $BKR recently. We have seen 13 analysts offer price targets for $BKR in the last 6 months, with a median target of $74.0.

Here are some recent targets:

Charles Minervino from Susquehanna set a target price of $70.0 on 07/08/2026
Scott Gruber from Citigroup set a target price of $75.0 on 07/08/2026
Marc Bianchi from TD Cowen set a target price of $77.0 on 07/02/2026
David Anderson from Barclays set a target price of $74.0 on 05/08/2026
Keith Mackey from RBC Capital set a target price of $71.0 on 04/27/2026
Josh Silverstein from UBS set a target price of $73.0 on 04/27/2026
Phillip Jungwirth from BMO Capital set a target price of $80.0 on 04/27/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.