Baker Hughes A GE Co (NYSE:BHI) Shares Sold by Capstone Asset Management Co.

Capstone Asset Management Co. cut its position in Baker Hughes A GE Co (NYSE:BHI) by 2.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,889 shares of the oilfield services provider’s stock after selling 774 shares during the period. Capstone Asset Management Co.’s holdings in Baker Hughes A GE were worth $1,956,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Baker Hughes A GE by 1,858.5% in the first quarter. BlackRock Inc. now owns 32,833,178 shares of the oilfield services provider’s stock worth $1,964,079,000 after buying an additional 31,156,767 shares during the last quarter. ValueAct Holdings L.P. boosted its stake in shares of Baker Hughes A GE by 14.6% in the first quarter. ValueAct Holdings L.P. now owns 31,407,820 shares of the oilfield services provider’s stock worth $1,878,816,000 after buying an additional 4,000,000 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Baker Hughes A GE by 3.5% in the first quarter. Vanguard Group Inc. now owns 29,075,548 shares of the oilfield services provider’s stock worth $1,739,299,000 after buying an additional 991,070 shares during the last quarter. Dodge & Cox bought a new stake in shares of Baker Hughes A GE during the fourth quarter worth about $1,667,596,000. Finally, American Century Companies Inc. boosted its stake in Baker Hughes A GE by 5.7% in the first quarter. American Century Companies Inc. now owns 5,902,846 shares of the oilfield services provider’s stock valued at $353,108,000 after buying an additional 317,615 shares in the last quarter. Hedge funds and other institutional investors own 91.32% of the company’s stock.

Shares of Baker Hughes A GE Co (NYSE:BHI) traded up 5.82% during mid-day trading on Friday, reaching $57.68. The company had a trading volume of 4,124,512 shares. Baker Hughes A GE Co has a 52-week low of $43.09 and a 52-week high of $68.59. The firm’s 50-day moving average price is $55.90 and its 200 day moving average price is $59.83.

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Several equities research analysts have recently weighed in on BHI shares. BMO Capital Markets reissued a “buy” rating and issued a $69.00 price objective on shares of Baker Hughes A GE in a research report on Thursday, April 13th. Royal Bank Of Canada reissued a “buy” rating and issued a $72.00 price objective on shares of Baker Hughes A GE in a research report on Friday, May 26th. Barclays PLC reissued a “buy” rating on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Jefferies Group LLC set a $67.00 target price on Baker Hughes A GE and gave the stock a “hold” rating in a research report on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and thirteen have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $62.30.

About Baker Hughes A GE

Baker Hughes, a GE Company is an oil and gas company. The Company is a provider of integrated oilfield products, services and digital solutions. The Company’s products and services include upstream, midstream, downstream, industrial and digital. The Company’s upstream, which includes evaluation, drilling, completions and production.

Institutional Ownership by Quarter for Baker Hughes A GE (NYSE:BHI)

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