Addison Capital Co Has $702,000 Holdings in Baker Hughes, a GE company Class A (BHGE)

Addison Capital Co cut its holdings in Baker Hughes, a GE company Class A (NYSE:BHGE) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,175 shares of the company’s stock after selling 13,053 shares during the quarter. Addison Capital Co’s holdings in Baker Hughes, a GE company Class A were worth $702,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Viking Fund Management LLC purchased a new position in Baker Hughes, a GE company Class A during the fourth quarter worth $5,062,000. State of Alaska Department of Revenue boosted its stake in Baker Hughes, a GE company Class A by 119.2% during the fourth quarter. State of Alaska Department of Revenue now owns 54,249 shares of the company’s stock worth $1,715,000 after buying an additional 29,499 shares during the period. Oakbrook Investments LLC purchased a new position in Baker Hughes, a GE company Class A during the fourth quarter worth $975,000. Fox Run Management L.L.C. bought a new stake in shares of Baker Hughes, a GE company Class A during the fourth quarter worth $306,000. Finally, Westpac Banking Corp lifted its position in shares of Baker Hughes, a GE company Class A by 40.9% during the fourth quarter. Westpac Banking Corp now owns 78,910 shares of the company’s stock worth $2,497,000 after purchasing an additional 22,910 shares during the last quarter. 89.76% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on BHGE shares. Royal Bank of Canada set a $35.00 target price on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Thursday, December 21st. Morgan Stanley set a $53.00 target price on Baker Hughes, a GE company Class A and gave the stock a “buy” rating in a research report on Monday, October 23rd. Barclays set a $41.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Thursday, October 26th. Citigroup decreased their price objective on Baker Hughes, a GE company Class A from $44.00 to $41.00 and set a “buy” rating for the company in a report on Wednesday, October 25th. Finally, Cowen set a $50.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eight have issued a buy rating to the company’s stock. Baker Hughes, a GE company Class A has a consensus rating of “Hold” and a consensus target price of $38.26.

In related news, insider William D. Marsh sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $35.00, for a total value of $175,000.00. Following the sale, the insider now owns 25,190 shares in the company, valued at $881,650. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.66% of the stock is owned by corporate insiders.

Shares of Baker Hughes, a GE company Class A (BHGE) opened at $26.50 on Friday. Baker Hughes, a GE company Class A has a 52 week low of $25.68 and a 52 week high of $40.82. The firm has a market capitalization of $11,346.66, a PE ratio of 530.00, a PEG ratio of 4.41 and a beta of 0.68. The company has a current ratio of 2.08, a quick ratio of 1.56 and a debt-to-equity ratio of 0.16.

Baker Hughes, a GE company Class A (NYSE:BHGE) last issued its quarterly earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.14 by $0.01. Baker Hughes, a GE company Class A had a positive return on equity of 0.10% and a negative net margin of 2.79%. The business had revenue of $5.76 billion for the quarter, compared to analyst estimates of $5.60 billion. The business’s revenue was down 2.7% compared to the same quarter last year. research analysts forecast that Baker Hughes, a GE company Class A will post 0.85 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Monday, February 5th will be given a $0.18 dividend. The ex-dividend date is Friday, February 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 2.72%. Baker Hughes, a GE company Class A’s dividend payout ratio is currently -209.71%.

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Baker Hughes, a GE company Class A Company Profile

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.

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

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