Baker Hughes Inc (BHI) Files Form 4 Insider Selling : Alan R Jr Crain Sells 20,000 Shares

Baker Hughes Inc (BHI): Alan R Jr Crain , SVP, Chief Legal/Gov Ofcr of Baker Hughes Inc sold 20,000 shares on May 23, 2016. The Insider selling transaction was reported by the company on May 25, 2016 to the Securities and Exchange Commission. The shares were sold at $44.80 per share for a total value of $896,072.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 25, 2015, Richard D Ward (Vice President) sold 1,440 shares at $51.47 per share price.On Oct 26, 2015, Arthur L Soucy (Vice President) sold 26,676 shares at $55.72 per share price.Also, On Jul 23, 2015, Khalid M Nouh (Vice President) sold 16,937 shares at $60.69 per share price.On Jun 2, 2015, Claire W Gargalli (director) sold 3,000 shares at $65.06 per share price.

Baker Hughes Incorporated: On Friday, May 20, 2016 heightened volatility was witnessed in Baker Hughes Incorporated which led to swings in the share price. The shares opened for trading at $45.46 and hit $45.7 on the upside , eventually ending the session at $45.33, with a gain of 0.20% or 0.09 points. The heightened volatility saw the trading volume jump to 35,56,512 shares. The 52-week high of the share price is $66.07 and the company has a market cap of $19,851 M . The 52-week low of the share price is at $37.58.

Baker Hughes Incorporated Money Flow Index Chart

On Apr 18, 2016, Baker Hughes Incorporated announced a cash dividend of $0.1700. The company’s management has announced May 27, 2016 as the ex-dividend date and fixed the record date on Jun 1, 2016. The payable date has been fixed on Jun 22, 2016.

Company has been under the radar of several Street Analysts.Baker Hughes Incorporated is Resumed by Goldman to Neutral. The Rating was issued on May 9, 2016.Baker Hughes Incorporated is Reiterated by Deutsche Bank to Hold while Lowering the Price Target of the company shares to $ 40 from a previous price target of $44 . The Rating was issued on May 2, 2016.Baker Hughes Incorporated is Reiterated by UBS to Buy and the brokerage firm has raised the Price Target to $ 55 from a previous price target of $50 .The Rating was issued on Apr 28, 2016.Baker Hughes Incorporated is Initiated by Nomura to Neutral. The Rating was issued on Apr 8, 2016.Baker Hughes Incorporated is Downgraded by Jefferies to Underperform. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Apr 8, 2016.

Baker Hughes Incorporated is engaged in the oilfield services industry. The Company is a supplier of oilfield services products technology and systems to the around the world oil and natural gas industry. The Company also provides industrial products and services to the downstream chemicals and process and pipeline services. It conducts its operations through subsidiaries affiliates ventures and alliances. The Company has four geographical operating segments: North America Latin America Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Company also has an Industrial Services segment which includes the downstream chemicals business and the process and pipeline services business. The Company’s Integrated Operations is focused on the execution of projects that have attributes such as project management well site supervision well construction intervention third-party contractor management procurement and rig management.

Leave a Reply

Baker Hughes Incorporated - Is it time to Sell?

Top Brokerage Firms are advising their investors on Baker Hughes Incorporated. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.