Foundation Resource Management Inc. Lowers Position in Baker Hughes, a GE company Class A (BHGE)

Foundation Resource Management Inc. reduced its position in Baker Hughes, a GE company Class A (NYSE:BHGE) by 7.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 84,106 shares of the company’s stock after selling 6,392 shares during the period. Foundation Resource Management Inc.’s holdings in Baker Hughes, a GE company Class A were worth $2,661,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. First Bank & Trust purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at about $101,000. Amica Retiree Medical Trust purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at about $101,000. Trust Co. of Vermont purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at about $105,000. Westside Investment Management Inc. purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at about $108,000. Finally, Sun Life Financial INC purchased a new stake in shares of Baker Hughes, a GE company Class A in the 3rd quarter valued at about $115,000. 89.69% of the stock is owned by institutional investors and hedge funds.

Several research firms have commented on BHGE. JPMorgan Chase & Co. reduced their price objective on Baker Hughes, a GE company Class A from $30.00 to $29.00 and set a “neutral” rating for the company in a research note on Thursday, January 25th. Barclays reduced their price objective on Baker Hughes, a GE company Class A from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Friday, January 26th. Royal Bank of Canada set a $44.00 price objective on Baker Hughes, a GE company Class A and gave the company a “buy” rating in a research note on Saturday, October 7th. BMO Capital Markets reduced their price objective on Baker Hughes, a GE company Class A from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Thursday, January 25th. Finally, Morgan Stanley reduced their price objective on Baker Hughes, a GE company Class A from $48.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and eight have assigned a buy rating to the company’s stock. Baker Hughes, a GE company Class A presently has an average rating of “Hold” and an average price target of $38.88.

Baker Hughes, a GE company Class A (NYSE:BHGE) traded up $0.30 during midday trading on Thursday, reaching $32.45. The company’s stock had a trading volume of 6,529,579 shares, compared to its average volume of 4,940,000. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.08 and a quick ratio of 1.56. Baker Hughes, a GE company Class A has a 52 week low of $29.62 and a 52 week high of $40.82. The firm has a market cap of $13,770.00 and a PE ratio of -4.95.

Baker Hughes, a GE company Class A (NYSE:BHGE) last released its earnings results on Wednesday, January 24th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $5.76 billion for the quarter, compared to analysts’ expectations of $5.60 billion. The business’s revenue was down 2.7% compared to the same quarter last year. research analysts predict that Baker Hughes, a GE company Class A will post 0.87 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Monday, February 5th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 2.22%. The ex-dividend date of this dividend is Friday, February 2nd. Baker Hughes, a GE company Class A’s payout ratio is -32.98%.

In other Baker Hughes, a GE company Class A news, insider William D. Marsh sold 5,000 shares of the business’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 transaction of $175,000.00. Following the transaction, the insider now owns 25,190 shares in the company, valued at approximately $881,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.66% of the company’s stock.

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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.

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

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