Beck Mack & Oliver LLC Continues to Hold Stake in Baker Hughes A GE Co (BHI)

Beck Mack & Oliver LLC held its stake in Baker Hughes A GE Co (NYSE:BHI) during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,113 shares of the oilfield services provider’s stock at the end of the second quarter. Beck Mack & Oliver LLC’s holdings in Baker Hughes A GE were worth $279,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in 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 period. ValueAct Holdings L.P. raised its stake in 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 period. Vanguard Group Inc. raised its stake in 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 period. American Century Companies Inc. raised 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 worth $353,108,000 after buying an additional 317,615 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in Baker Hughes A GE by 4.7% in the first quarter. Ameriprise Financial Inc. now owns 4,720,486 shares of the oilfield services provider’s stock worth $282,378,000 after buying an additional 212,977 shares during the period. 91.32% of the stock is owned by hedge funds and other institutional investors.

Shares of Baker Hughes A GE Co (NYSE:BHI) opened at 57.68 on Friday. Baker Hughes A GE Co has a 12-month low of $43.09 and a 12-month high of $68.59. The company has a 50-day moving average price of $55.90 and a 200 day moving average price of $59.83.

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A number of analysts have recently weighed in on BHI shares. HSBC Holdings plc reissued a “hold” rating and set a $58.00 price objective (down previously from $60.00) on shares of Baker Hughes A GE in a research note on Thursday, June 22nd. Royal Bank Of Canada reissued a “buy” rating and set a $72.00 price objective on shares of Baker Hughes A GE in a research note on Friday, May 26th. ValuEngine raised Baker Hughes A GE from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Tudor Pickering lowered Baker Hughes A GE from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Finally, Evercore ISI set a $72.00 price target on Baker Hughes A GE and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and thirteen have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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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