Washington Capital Management Inc. Has $2,195,000 Position in Baker Hughes A GE Co (BHI)

Washington Capital Management Inc. held its position in Baker Hughes A GE Co (NYSE:BHI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 40,271 shares of the oilfield services provider’s stock at the end of the second quarter. Baker Hughes A GE comprises 2.5% of Washington Capital Management Inc.’s investment portfolio, making the stock its 15th largest position. Washington Capital Management Inc.’s holdings in Baker Hughes A GE were worth $2,195,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Macquarie Group Ltd. boosted its position in shares of Baker Hughes A GE by 38.4% in the fourth quarter. Macquarie Group Ltd. now owns 10,100 shares of the oilfield services provider’s stock worth $656,000 after buying an additional 2,800 shares during the last quarter. F&V Capital Management LLC boosted its position in Baker Hughes A GE by 2.9% in the first quarter. F&V Capital Management LLC now owns 56,430 shares of the oilfield services provider’s stock worth $3,376,000 after buying an additional 1,580 shares during the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in Baker Hughes A GE by 3.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 368,190 shares of the oilfield services provider’s stock worth $22,028,000 after buying an additional 13,366 shares during the last quarter. Rathbone Brothers plc boosted its position in Baker Hughes A GE by 6.5% in the first quarter. Rathbone Brothers plc now owns 8,218 shares of the oilfield services provider’s stock worth $492,000 after buying an additional 500 shares during the last quarter. Finally, Indiana Trust & Investment Management CO boosted its position in shares of Baker Hughes A GE by 7.9% in the first quarter. Indiana Trust & Investment Management CO now owns 10,240 shares of the oilfield services provider’s stock valued at $613,000 after buying an additional 750 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Shares of Baker Hughes A GE Co (NYSE:BHI) traded up 5.82% during midday trading on Friday, reaching $57.68. 4,124,512 shares of the company traded hands. Baker Hughes A GE Co has a 1-year low of $43.09 and a 1-year high of $68.59. The stock’s 50-day moving average is $55.90 and its 200-day moving average is $59.83.

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Several research firms recently commented on BHI. Jefferies Group LLC dropped their price objective on shares of Baker Hughes A GE from $72.00 to $67.00 and set a “hold” rating on the stock in a research note on Friday, April 28th. Evercore ISI set a $72.00 price objective on shares of Baker Hughes A GE and gave the company an “outperform” rating in a research report on Wednesday, April 26th. BMO Capital Markets cut shares of Baker Hughes A GE from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $69.00 to $65.00 in a report on Wednesday, April 26th. Zacks Investment Research raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Monday, May 8th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating on shares of Baker Hughes A GE in a report on Monday, July 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and thirteen have given a buy rating to the stock. Baker Hughes A GE has a consensus rating of “Hold” and an average target price of $63.10.

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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