Lazard Asset Management LLC decreased its stake in shares of Baker Hughes A GE Co (NYSE:BHI) by 23.1% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 403,184 shares of the oilfield services provider’s stock after selling 120,858 shares during the period. Lazard Asset Management LLC’s holdings in Baker Hughes A GE were worth $21,977,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Mutual of America Capital Management LLC lifted its position in Baker Hughes A GE by 1.7% during the 2nd quarter. Mutual of America Capital Management LLC now owns 74,089 shares of the oilfield services provider’s stock worth $4,039,000 after buying an additional 1,207 shares in the last quarter. Sandy Spring Bank lifted its position in Baker Hughes A GE by 0.7% during the 2nd quarter. Sandy Spring Bank now owns 4,740 shares of the oilfield services provider’s stock worth $258,000 after buying an additional 35 shares in the last quarter. ProShare Advisors LLC lifted its position in Baker Hughes A GE by 4.0% during the 2nd quarter. ProShare Advisors LLC now owns 114,526 shares of the oilfield services provider’s stock worth $6,243,000 after buying an additional 4,433 shares in the last quarter. Stevens Capital Management LP acquired a new position in Baker Hughes A GE during the 2nd quarter worth about $9,405,000. Finally, Amalgamated Bank lifted its position in Baker Hughes A GE by 56.8% during the 2nd quarter. Amalgamated Bank now owns 47,871 shares of the oilfield services provider’s stock worth $2,609,000 after buying an additional 17,336 shares in the last quarter. Institutional investors and hedge funds own 91.32% of the company’s stock.

Baker Hughes A GE Co (NYSE:BHI) opened at 57.68 on Thursday. Baker Hughes A GE Co has a 52 week low of $43.09 and a 52 week high of $68.59. The stock’s 50 day moving average is $55.90 and its 200 day moving average is $59.83.

A number of research analysts have issued reports on BHI shares. Royal Bank Of Canada set a $72.00 target price on shares of Baker Hughes A GE and gave the company a “buy” rating in a research report 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 report 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. ValuEngine upgraded shares of Baker Hughes A GE from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, HSBC Holdings plc restated a “hold” rating and set a $58.00 target price (down from $60.00) on shares of Baker Hughes A GE in a research report on Thursday, June 22nd. Two 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 stock presently has a consensus rating of “Hold” and an average target price of $62.27.

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Baker Hughes A GE Profile

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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