Baker Hughes CEO Lorenzo Simonelli Sells Shares Worth $11.49 Million
Lorenzo Simonelli, CEO of Baker Hughes, sold 181,411 shares on June 12, 2026, in a planned transaction.
Key Points
- Lorenzo Simonelli, CEO of Baker Hughes, sold 181,411 shares valued at $11.49 million on June 12, 2026.
- Baker Hughes has a market cap of about $61.96 billion, with a P/E ratio of 19.96 and a beta of 0.938.
- Citigroup maintained a 'buy' rating on Baker Hughes with a $74 target, while Barclays downgraded it to 'hold.'
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Lorenzo Simonelli, the Chairman, President, and CEO of Baker Hughes Company, recently sold 181,411 shares of the company. This insider transaction, which took place on June 12, 2026, was part of a planned sale and totaled approximately $11.49 million, with shares priced at $63.36 each.
Insider Buying and Selling at Baker Hughes Company
Lorenzo Simonelli's sale of 181,411 shares was a planned transaction. On the same day, Simonelli also bought 99,911 shares at $35.55, which was not planned. Additionally, Ahmed Farhan Moghal, EVP and CFO, sold 23,392 shares on June 15, 2026, at $62.38 per share, in another planned sale.
Other Institutional Activity in Baker Hughes
Several institutional investors have been active in Baker Hughes. BlackRock, Inc. increased its holdings by 3,990,210 shares, bringing its total to 97,530,729 shares valued at about $5.95 billion. State Street Corp added 3,543,092 shares, now holding 64,952,530 shares worth approximately $3.97 billion. On the other hand, JPMorgan Chase & Co reduced its position significantly by 28,632,919 shares, leaving it with 58,196,567 shares valued at around $3.53 billion.
Baker Hughes Company Stock Down 0.5%
Shares of Baker Hughes (NasdaqGS: BKR) traded around $62.11. The company boasts a market capitalization of $61.96 billion and a P/E ratio of 19.96. Its stock has a 52-week range between $37.38 and $70.41. The 50-day moving average is $64.39, while the 200-day moving average is $54.94. Baker Hughes maintains a current ratio of 2.13 and a quick ratio of 1.69, with a debt-to-equity ratio of 82.94.
Recent Earnings
Baker Hughes reported revenue of $27.89 billion with a growth rate of 2.5%. The company achieved a net margin of 11.17% and a return on equity of 17.18%. Its earnings per share stood at $3.13. The next earnings report is scheduled for July 21, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
10 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 16.2%. Revenue beat estimates by 3.0%.
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Profit surprise
EBITDA beat by 11 percent. Operating income beat by 8 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
1 downgrade, 10 target raises.
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Earnings quality
Operating margin up 0.6 points. Positive free cash flow.
Earnings Call Summary
Baker Hughes delivered a strong first quarter with adjusted earnings per share of $0.58, beating expectations of $0.50. Energy infrastructure orders hit a record $4.9 billion, driven by data center power demand and liquefied natural gas projects. The Middle East conflict caused some disruption but strong performance elsewhere, particularly in power systems and gas compression, more than offset those challenges.
Guidance Baker Hughes reaffirmed its full year revenue and earnings targets. They expect about $6.5 billion in second quarter revenue and $1.13 billion in adjusted EBITDA. Management assumes the Middle East conflict continues through June, then gradually improves in the second half of the year.
Good report. The company beat and showed some forward improvement, with a few meaningful caveats.
Dividend
The company pays an annual dividend rate of $0.92, yielding 1.47% with a payout ratio of 29.39%.
Analysts Set New Price Targets
On June 3, 2026, Citigroup maintained its 'buy' rating for Baker Hughes, setting a price target of $74. Meanwhile, Barclays downgraded its rating to 'hold' on May 8, 2026, but kept a price target of $74. The consensus recommendation remains a 'buy,' with an average target price of $71.24 based on 21 analyst opinions.
About Baker Hughes
Baker Hughes Company, headquartered in Houston, Texas, provides a wide range of services and technologies for the energy and industrial sectors. It operates through two main segments: Oilfield Services & Equipment, and Industrial & Energy Technology. The company serves a diverse client base, including oil and natural gas companies, engineering contractors, and industrial customers. Under the leadership of CEO Lorenzo Simonelli, Baker Hughes employs around 53,000 people.
Bottom Line
Insider transactions like those of Lorenzo Simonelli offer a glimpse into the strategic decisions of company leaders. While these sales are planned, they provide insight into executive actions. Investors often watch these moves alongside institutional activities and analyst ratings to gauge market sentiment. Remember, insider transactions are just one piece of the puzzle, and 13F filings are historical snapshots, not current positions.
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