Aggressive’ Bullish Options Activity Seen in Baker Hughes Incorporated

 Aggressive' Bullish Options Activity Seen in Baker Hughes Incorporated

In today’s session Baker Hughes Incorporated (BHI) registered an unusually high (1,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious BHI increase. With 1,000 contracts traded and 10654 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: BHI161118C00058000 closed last at: $2.08 or 1.9% down. About 251,179 shares traded hands. Baker Hughes Incorporated (NYSE:BHI) has risen 42.24% since April 11, 2016 and is uptrending. It has outperformed by 36.09% the S&P500.

Baker Hughes Incorporated (NYSE:BHI) Ratings Coverage

Out of 25 analysts covering Baker Hughes Incorporated (NYSE:BHI), 16 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 64% are positive. $81 is the highest target while $34 is the lowest. The $55.02 average target is -6.41% below today’s ($58.79) stock price. Baker Hughes Incorporated has been the topic of 55 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The company was initiated on Friday, February 19 by DA Davidson. The firm has “Neutral” rating by Goldman Sachs given on Monday, May 9. Jefferies upgraded it to “Hold” rating and $41 target price in Monday, July 11 report. The stock has “Overweight” rating given by Barclays Capital on Monday, March 28. On Tuesday, April 19 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The rating was upgraded by Seaport Global Securities on Tuesday, October 6 to “Accumulate”. The company was maintained on Thursday, April 28 by JP Morgan. The firm has “Neutral” rating given on Tuesday, November 1 by Atlantic Securities. Stephens downgraded the shares of BHI in a report on Thursday, April 28 to “Equal-Weight” rating. As per Wednesday, April 6, the company rating was downgraded by Deutsche Bank.

According to Zacks Investment Research, “Baker Hughes Inc. is engaged in the oilfield and process industries. In addition, the company manufactures and sells other products and provides services to industries that are not related to the oilfield or continuous process industries. The company conducts certain of its operations through joint ventures, partnerships or alliances.”

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.13, from 0.8 in 2016Q1. The ratio improved, as 86 funds sold all Baker Hughes Incorporated shares owned while 197 reduced positions. 83 funds bought stakes while 181 increased positions. They now own 371.39 million shares or 0.31% less from 372.55 million shares in 2016Q1.
Engineers Gate Manager Lp reported 13,200 shares or 0.04% of all its holdings. Congress Asset Management Company Ma has 0.16% invested in the company for 151,834 shares. The Kentucky-based River Road Asset Management Ltd Liability Company has invested 0.01% in Baker Hughes Incorporated (NYSE:BHI). Ing Groep Nv has 13,736 shares for 0.01% of their US portfolio. Daiwa Secs Grp Inc Inc last reported 12,354 shares in the company. Moreover, Founders Lc has 0.12% invested in Baker Hughes Incorporated (NYSE:BHI) for 4,762 shares. Federated Invsts Pa holds 540,740 shares or 0.07% of its portfolio. Nationwide Fund Advisors has invested 0.02% of its portfolio in Baker Hughes Incorporated (NYSE:BHI). Nippon Life Insurance owns 26,117 shares or 0.03% of their US portfolio. Jennison Assoc Ltd Llc holds 0% or 10,512 shares in its portfolio. Paloma, a Connecticut-based fund reported 47,395 shares. Moreover, Axa has 0% invested in Baker Hughes Incorporated (NYSE:BHI) for 4,350 shares. Assets Invest Mgmt Lc has 0.99% invested in the company for 90,600 shares. Washington Mngmt has 40,621 shares for 2.61% of their US portfolio. Intact Invest Mgmt Inc reported 21,400 shares or 0.04% of all its holdings.

Insider Transactions: Since May 23, 2016, the stock had 0 buys, and 10 selling transactions for $5.65 million net activity. The insider CRAIN ALAN R JR sold 1,226 shares worth $58,848. MARSH WILLIAM D also sold $73,655 worth of Baker Hughes Incorporated (NYSE:BHI) shares. The insider Chariag Belgacem sold 15,000 shares worth $871,305. Shares for $918,787 were sold by KEIFER ALAN J. Another trade for 17,000 shares valued at $784,550 was made by Nouh Khalid M on Friday, June 3.

Baker Hughes Incorporated is engaged in the oilfield services industry. The company has a market cap of $25.01 billion. The Firm is a supplier of oilfield services, products, technology and systems used in the oil and natural gas industry around the world. It currently has negative earnings. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services.

BHI Company Profile

Baker Hughes Incorporated, incorporated on November 3, 1986, is engaged in the oilfield services industry. The Firm is a supplier of oilfield services, products, technology and systems in the oil and natural gas industry around the world. The Firm also provides industrial services and products for other businesses, including downstream chemicals, and process and pipeline services. It conducts its activities through its subsidiaries, affiliates, ventures and alliances. The Firm has four geographical operating divisions: North America, Latin America, Europe/Africa/Russia Caspian and Middle East/Asia Pacific. The Firm also has an Industrial Services segment, which includes the downstream chemicals business and the process and pipeline services business.

More recent Baker Hughes Incorporated (NYSE:BHI) news were published by: Fool.com which released: “Baker Hughes Incorporated’s Q3 Earnings Show a Company Headed in the Right …” on October 25, 2016. Also Etfdailynews.com published the news titled: “GE, Baker Hughes Merge Oil & Gas Businesses” on October 31, 2016. Investorplace.com‘s news article titled: “Why Centurylink Inc (CTL), Baker Hughes Incorporated (BHI) and Zimmer Biomet …” with publication date: October 31, 2016 was also an interesting one.

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