Baker Hughes, a GE company (NYSE:BHGE) produced a 16.03% rally since recording the worst price of $20.09. Thanks to the latest 0.52% increase, it now trades at $23.31. Throughout the trading on 7/18/2019, the share price floated between $22.59 and $23.33. This company shares are 28.61% off its target price of $29.98 and the current market capitalization stands at $24.31B. The recent change has given its price a -0.4% deficit over SMA 50 and -34.43% deficit over its 52-week high. The stock witnessed 0.95% gains, -9.58% declines and 0.69% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found BHGE’s volatility during a week at 2.82% and during a month it has been found around 2.55%.
What Does Baker Hughes, a GE company (BHGE) Do?
The company describes itself in regulatory filings as, “Baker Hughes, a GE Co. is a holding company, which engages in the provision of oilfield products, services, and digital solutions. It operates through the following four segments: Oilfield Services (OFS), Oilfield Equipment (OFE), Turbomachinery & Process Solutions (TPS) and Digital Solutions (DS). The OFS segment provides products and services for on and offshore operations across the lifecycle of a well, ranging from drilling, evaluation, completion, production, and intervention. The OFE segment provides a broad portfolio of products and services required to facilitate the safe and reliable flow of hydrocarbons from the subsea wellhead to the surface production facilities. The TPS segment provides equipment and related services for mechanical-drive, compression and power-generation applications. The DS segment provides operating technologies helping to improve the health, productivity, and safety of asset intensive industries and enable the Industrial Internet of Things. The company was founded on October 28, 2016 and is headquartered in Houston, TX.” [Text can be found here: https://www.marketwatch.com/investing/stock/BHGE/profile under company description.]Baker Hughes, a GE company (BHGE) Top Holders
Institutional investors currently hold around $11.66 billion or 99% in BHGE stock. Look at its top three institutional owners: Capital World Investors owns $1.4 billion in Baker Hughes, a GE company, which represents roughly 5.74% of the company’s market cap and approximately 11.97% of the institutional ownership. Similar statistics are true for the second largest owner, Dodge & Cox, which owns 59,024,104 shares of the stock are valued at $1.37 billion. The third largest holder is Vanguard Group Inc, which currently holds $1.12 billion worth of this stock and that ownership represents nearly 4.6% of its market capitalization.Baker Hughes, a GE company 13F Filings
At the end of March reporting period, 284 institutional holders increased their position in Baker Hughes, a GE company (NYSE:BHGE) by some 37,029,414 shares, 188 decreased positions by 39,737,633 and 83 held positions by 426,181,304. That puts total institutional holdings at 502,948,351 shares, according to SEC filings. The stock grabbed 82 new institutional investments totaling 3,345,552 shares while 45 institutional investors sold out their entire positions totaling 3,746,623 shares.Baker Hughes, a GE company (NYSE:BHGE) Insider Trades
Multiple company employees have indulged in significant insider trading. Baker Hughes, a GE company disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Chief Legal Officer MARSH WILLIAM D has sold 1,242 shares of Baker Hughes, a GE company (BHGE) in the trading session dated Jan. 25, 2019. These shares are worth $28,951 and were traded at $23.31 each. The SEC filing shows that GENERAL ELECTRIC CO performed a sale of 101,200,000 shares. The Director, 10% Owner disposed these shares by way of transaction on Nov. 19, 2018. The company’s shares were given away at $22.47 per share worth to an income of some $2,274,000,000 to the account of GENERAL ELECTRIC CO.
VP/Controller/Chief Acctg Off, Camilleri Kurt, sold 2,513 common shares of Baker Hughes, a GE company (BHGE) in the open market. In a transaction dated Aug. 06, 2018, the shares were put up for sale at an average price of $34, raking in a sum of $85,442. After this sale, common shares of BHGE are directly owned by the insider, with total stake valued at $.
In the transaction dated Aug. 06, 2018, a great number of shares sold came courtesy the Chief Digital Officer; Heilmann Matthias L disposed a total of 12,000 shares at an average price of $34, amounting to approximately $408,000. The insider now directly owns 3,743 shares worth $87,249.Baker Hughes, a GE company (BHGE) Analyst Guide
Several analysts have released their opinion on Baker Hughes, a GE company (NYSE:BHGE), with 8 analysts believing it is a strong buy. Whereas 5 of them predict the stock is a hold. Also, there are 14 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.89 average brokerage recommendation [T1].