Independent Investors Inc. Continues to Hold Position in Baker Hughes A GE Co (NYSE:BHI)

Independent Investors 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 20,200 shares of the oilfield services provider’s stock at the end of the second quarter. Independent Investors Inc.’s holdings in Baker Hughes A GE were worth $1,101,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in BHI. Macquarie Group Ltd. increased 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 valued at $656,000 after buying an additional 2,800 shares during the last quarter. F&V Capital Management LLC increased its stake 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 in the last quarter. Chevy Chase Trust Holdings Inc. boosted its position in shares of 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 shares of 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 worth $613,000 after buying an additional 750 shares during 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% on Friday, hitting $57.68. 4,124,512 shares of the stock traded hands. Baker Hughes A GE Co has a 12 month low of $43.09 and a 12 month high of $68.59. The firm’s 50 day moving average is $55.90 and its 200-day moving average is $59.83.

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A number of equities analysts have issued reports on the stock. Royal Bank Of Canada set a $72.00 price objective on shares of Baker Hughes A GE and gave the stock a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research downgraded shares of Baker Hughes A GE from a “hold” rating to a “sell” rating in a research note on Tuesday, June 27th. Guggenheim downgraded shares of Baker Hughes A GE from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 27th. BMO Capital Markets downgraded shares of Baker Hughes A GE from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $69.00 to $65.00 in a research report on Wednesday, April 26th. Finally, ValuEngine raised shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average 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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