Various investment companies, including Marathon Asset Management, Johnson Investment Counsel, and Praxis Investment Management have adjusted their stake in Baker Hughes Company (BKR) as indicated by an array of trading activities. BKR sold its precision sensors and instrumentation product line to Crane in a $1.15 billion deal, allowing it to shift focus and resources to its core businesses. BKR also intends to acquire Continental Disc Corporation, a leader in pressure management solutions, in a strategic move to tap into safety tech segment. Baker Hughes has also formed a joint venture with Cactus Subsidiary to expand global surface pressure control (SPC) outreach. The company recently reported its Q1 2025 results, secured a groundbreaking plug and abandonment contract for Equinor North Sea oil field, launched electrification technologies for onshore and offshore operations, and unveiled dates for its second-quarter earnings release and webcast. Despite a recent drop in U.S. Rig count, the company remains resilient in an uncertain market evidenced by positive analyst reviews and robust financial results.
Baker Hughes Company BKR News Analytics from Tue, 22 Oct 2024 07:00:00 GMT to Sat, 28 Jun 2025 17:28:40 GMT - Rating 5 - Innovation 4 - Information 8 - Rumor 2
