Oakbrook Investments LLC Acquires New Position in Baker Hughes, a GE company Class A (BHGE)

Oakbrook Investments LLC acquired a new stake in shares of Baker Hughes, a GE company Class A (NYSE:BHGE) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 30,800 shares of the company’s stock, valued at approximately $975,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in BHGE. First Bank & Trust purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $101,000. Amica Retiree Medical Trust purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $101,000. Trust Co. of Vermont purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $105,000. Westside Investment Management Inc. purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $108,000. Finally, Sun Life Financial INC purchased a new stake in Baker Hughes, a GE company Class A during the 3rd quarter valued at about $115,000. 89.30% of the stock is owned by institutional investors.

Several analysts recently issued reports on BHGE shares. Royal Bank of Canada set a $44.00 price objective on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Saturday, October 7th. Deutsche Bank assumed coverage on shares of Baker Hughes, a GE company Class A in a research note on Tuesday, October 10th. They issued a “hold” rating and a $35.00 price target for the company. Cowen set a $50.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Wednesday, October 18th. Zacks Investment Research raised shares of Baker Hughes, a GE company Class A from a “strong sell” rating to a “hold” rating in a research note on Monday, November 13th. Finally, Barclays set a $41.00 price target on shares of Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Thursday, October 26th. Three research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have assigned a buy rating to the stock. Baker Hughes, a GE company Class A has an average rating of “Hold” and an average target price of $40.58.

In related news, insider William D. Marsh sold 5,000 shares of the stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $35.00, for a total transaction of $175,000.00. Following the completion of the transaction, the insider now owns 25,190 shares of the company’s stock, valued at approximately $881,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Matthias L. Heilmann acquired 1,500 shares of the stock in a transaction that occurred on Thursday, October 26th. The shares were bought at an average cost of $30.04 per share, with a total value of $45,060.00. Following the transaction, the insider now directly owns 3,500 shares in the company, valued at approximately $105,140. The disclosure for this purchase can be found here. Company insiders own 0.66% of the company’s stock.

Baker Hughes, a GE company Class A (NYSE:BHGE) opened at $34.74 on Friday. The company has a current ratio of 1.90, a quick ratio of 1.29 and a debt-to-equity ratio of 0.08. Baker Hughes, a GE company Class A has a 1 year low of $29.62 and a 1 year high of $40.82.

Baker Hughes, a GE company Class A (NYSE:BHGE) last posted its quarterly earnings data on Friday, October 20th. The company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.07). The company had revenue of $5.38 billion for the quarter, compared to analysts’ expectations of $5.52 billion. Baker Hughes, a GE company Class A had a negative return on equity of 0.84% and a negative net margin of 6.66%. The firm’s quarterly revenue was up 77.7% on a year-over-year basis. equities analysts expect that Baker Hughes, a GE company Class A will post 0.44 earnings per share for the current fiscal year.

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About Baker Hughes, a GE company Class A

Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. The company offers upstream services, including evaluation, drilling, production, and completion; midstream services comprising equipment and services for LNG, and pipeline and storage; and chemical, mechanical, digital, and service solutions for refinery and petrochemical operations.

Want to see what other hedge funds are holding BHGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes, a GE company Class A (NYSE:BHGE).

Institutional Ownership by Quarter for Baker Hughes, a GE company Class A (NYSE:BHGE)

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