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Covea Finance Has $8.27 Million Stock Holdings in Baker Hughes Company $BKR

Covea Finance reduced its stake in Baker Hughes Company by 12.8% in the third quarter, now holding 169,800 shares valued at $8.27 million. Several other hedge funds adjusted their positions in Baker Hughes. Analysts have set new price targets, with a consensus rating of 'Moderate Buy' and a target price of $53.92. Baker Hughes reported $0.16 EPS for the quarter, with revenue of $5.09 billion, and announced a quarterly dividend of $0.23 per share.

Market Beat·
US
BKR
-0.11%
Market Beat·
US
BKR
-0.11%

How Investors Are Reacting To Transocean (RIG) Norwegian Discovery and Shift Toward a Leaner Rig Fleet

Transocean's recent oil and gas discovery near the Tyrihans field in the Norwegian Sea, using the Transocean Encourage rig, highlights the demand for high-spec rigs. The company's debt reduction and fleet optimization efforts are crucial for its financial health. Investors should focus on Transocean's ability to secure contracts at attractive dayrates and manage its debt load. The company's projected revenue is $3.8 billion with $173.8 million earnings by 2028, indicating a potential 4% upside to its current stock price.

Simplywall·
US
RIG
+0.25%
Simplywall·
US
RIG
+0.25%

Yousif Capital Management LLC Raises Position in TechnipFMC plc $FTI

Yousif Capital Management LLC increased its stake in TechnipFMC plc by 1,563% in the third quarter, owning 132,861 shares valued at $5.24 million. Other institutional investors also adjusted their positions. TechnipFMC's stock has a consensus "Moderate Buy" rating with an average target price of $46.92. The company reported a Q3 EPS of $0.75, exceeding estimates, with revenue up 12.7% year-over-year. TechnipFMC announced a quarterly dividend, paid on December 3rd.

Market Beat·
US
FTI
-0.07%
Market Beat·
US
FTI
-0.07%

Texas Permanent School Fund Corp Lowers Position in Halliburton Company $HAL

Texas Permanent School Fund Corp reduced its stake in Halliburton by 45.1% in Q2, owning 59,146 shares worth $1,205,000. Insider transactions included sales by EVP Van H. Beckwith and insider Mark Richard. Halliburton's stock opened at $27.80, with a market cap of $23.40 billion. Analysts have raised price targets, and the company announced a quarterly dividend of $0.17 per share.

Market Beat·
US
HAL
-0.25%
Market Beat·
US
HAL
-0.25%

ZAWYA-SNG: Baker Hughes to supply liquefaction equipment for Commonwealth project

Baker Hughes has received a Full Notice To Proceed from Technip Energies to supply primary liquefaction equipment for Commonwealth LNG's 9.5 MTPA export facility in Louisiana. This includes six refrigerant turbo compressors with LM9000 aeroderivative gas turbines. The project is a significant milestone for Commonwealth LNG and Caturus, highlighting their commitment to developing a global-scale LNG project. The collaboration aims to enhance energy security and meet growing global demand for LNG.

Zawya·
US
BKR
-0.11%
Zawya·
US
BKR
-0.11%
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