Baker Hughes A GE Co (BHI) Coverage Initiated at Barclays PLC

Rapid Response Team
Rapid Response Team
Author

06 September, 2017

Capital Research Global Investors now owns 4,847,202 shares of the oilfield services provider's stock worth $264,221,000 after acquiring an additional 2,284,092 shares in the last quarter. The Manufacturers Life Insurance Company The holds 449,484 shares with $29.20 million value, up from 427,326 last quarter.

Baker Hughes, a GE Company is an oil and gas company. The last stock close price is down -3.60% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time. It is down 28.69% since September 2, 2016 and is uptrending. It has outperformed by 11.99% the S&P500. Moreover, Poplar Forest Capital Llc has 4.29% invested in the company for 787,147 shares. Price T Rowe Assoc Inc Md has 74,420 shares. Its down 0.02, from 1.38 in 2016Q3.

Yesterday Baker Hughes Incorporated (NYSE:BHI) traded 5.82% higher at $54.02. It has outperformed by 20.71% the S&P500.

Among 22 analysts covering Proctor & Gamble (NYSE:PG), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 91% are positive. Two research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and thirteen have assigned a buy rating to the company's stock. The rating was maintained by Nomura with "Neutral" on Tuesday, August 16. Buckingham Research maintained Archer Daniels Midland Company (NYSE:ADM) rating on Wednesday, November 4. Robert W. Baird maintained Amazon.com, Inc. The firm has "Hold" rating by Tudor Pickering given on Friday, June 23. Jefferies maintained the stock with "Buy" rating in Friday, July 29 report. Jefferies has "Underperform" rating and $34 target. (NYSE:PZN) has declined 1.90% since September 1, 2016 and is downtrending. Its down 0.88, from 1.79 in 2016Q3. It fall, as 126 investors sold AMZN shares while 478 reduced holdings. Tci Wealth Advsrs has 2,056 shares for 0.07% of their portfolio. Its up 2.18% from 361,600 shares previously. 359,867 were accumulated by Bessemer Group. Falcon Point Limited Liability Corp invested 0.19% in Pzena Investment Management, Inc. Pointstate Cap LP holds 46,243 shares.

Sentinel Asset Management Inc decreased its stake in Procter & Gamble Co. Fmr Limited Company owns 34.34 million shares. It also increased its holding in Medtronic Plc (NYSE:MDT) by 6,000 shares in the quarter, for a total of 706,320 shares, and has risen its stake in Corporate Office Properties Tr (NYSE:OFC). 4,236 are held by Coldstream. The Massachusetts-based Cadence Capital Management Ltd Liability has invested 0.77% in Archer Daniels Midland Company (NYSE:ADM). (NASDAQ:AMZN) for 1,715 shares. It is 0.00% or $0 reaching $37.5 per share. Etrade Mngmt Limited Co holds 4,185 shares or 0.01% of its portfolio. Citadel Ltd Com has 14,658 shares for 0% of their portfolio. (NASDAQ:AMZN) for 102,152 shares. Mitsubishi Ufj Limited accumulated 1,640 shares.

Since May 17, 2017, it had 2 insider buys, and 1 sale for $15.27 million activity. (NASDAQ:AMZN) on Monday, May 22. Another trade for 2,078 shares valued at $1.99 million was made by Blackburn Jeffrey M on Monday, May 15. The firm owned 136,511 shares of the oilfield services provider's stock after selling 55,475 shares during the period.

Investors sentiment decreased to 0.78 in 2016 Q4. It fall, as 72 investors sold BHI shares while 205 reduced holdings. 93 funds opened positions while 194 raised stakes. 263.24 million shares or 4.56% more from 251.75 million shares in 2016Q3 were reported. Ionic Cap Mgmt Ltd Company stated it has 0.01% in Baker Hughes A GE Co (NYSE:BHI). The stock of Baker Hughes A GE Co (NYSE:BHI) earned "Buy" rating by DA Davidson on Friday, February 19. The SEC filing shows that Rice John G performed a purchase of 5,000 shares. Amp Capital Ltd reported 0.01% stake. Retail Bank Pictet & Cie (Asia) has invested 0.21% in Archer Daniels Midland Company (NYSE:ADM). Invesco Limited holds 0.26% or 12.03M shares in its portfolio. Cohen & Steers Inc has 0.08% invested in Baker Hughes A GE Co (NYSE:BHI). Daiwa Securities Group holds 0.04% of its portfolio in Baker Hughes A GE Co (NYSE:BHI) for 101,344 shares. Zacks Investment Research raised Baker Hughes A GE from a "sell" rating to a "hold" rating in a research note on Monday, May 8th. Therefore 60% are positive. BMO Capital Markets reaffirmed a "hold" rating and set a $65.00 target price on shares of Baker Hughes A GE in a research note on Thursday, June 22nd. RBC Capital Markets maintained the stock with "Outperform" rating in Monday, October 10 report. 67,000 are owned by Tyrus Sam. Ftb Advsrs Incorporated reported 66,586 shares. FBR & Co started coverage on Baker Hughes, a GE company Class A in a research note on Monday, July 17th. Howard Weil has "Sector Outperform" rating and $56 target. The rating was initiated by SunTrust on Wednesday, January 18 with "Hold". The firm earned "Equal-Weight" rating on Thursday, April 28 by Stephens.

A number of institutional investors have recently modified their holdings of BHI.


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