Viking Fund Management LLC Purchases Shares of 60,000 Baker Hughes A GE Co (NYSE:BHGE)
Viking Fund Management LLC acquired a new stake in shares of Baker Hughes A GE Co (NYSE:BHGE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 60,000 shares of the company’s stock, valued at approximately $1,538,000.
Several other large investors also recently made changes to their positions in the company. IFM Investors Pty Ltd purchased a new position in shares of Baker Hughes A GE in the fourth quarter worth about $1,648,000. DNB Asset Management AS lifted its position in Baker Hughes A GE by 75.6% in the fourth quarter. DNB Asset Management AS now owns 135,049 shares of the company’s stock valued at $3,461,000 after purchasing an additional 58,137 shares during the last quarter. Manning & Napier Group LLC boosted its stake in shares of Baker Hughes A GE by 2.8% during the fourth quarter. Manning & Napier Group LLC now owns 309,779 shares of the company’s stock valued at $7,938,000 after purchasing an additional 8,545 shares during the period. Hexavest Inc. purchased a new stake in shares of Baker Hughes A GE during the fourth quarter valued at approximately $157,000. Finally, Scout Investments Inc. bought a new position in shares of Baker Hughes A GE in the fourth quarter worth approximately $50,661,000. 48.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of BHGE stock traded down $0.39 during trading hours on Wednesday, reaching $24.02. The company’s stock had a trading volume of 7,146,009 shares, compared to its average volume of 7,484,392. The company has a current ratio of 1.60, a quick ratio of 1.09 and a debt-to-equity ratio of 0.18. Baker Hughes A GE Co has a one year low of $20.09 and a one year high of $31.26. The stock has a market capitalization of $24.93 billion, a P/E ratio of 36.39, a P/E/G ratio of 2.86 and a beta of 0.95. The firm’s fifty day simple moving average is $24.09 and its 200 day simple moving average is $23.48.
Baker Hughes A GE Profile
Baker Hughes, a GE company provides integrated oilfield products, services, and digital solutions worldwide. Its Oilfield Services segment offers drilling, wireline, evaluation, completion, production, and intervention services; and drilling and completions fluids, completions tools and systems, wellbore intervention tools and services, artificial lift systems, pressure pumping systems, and oilfield and industrial chemicals for integrated oil and natural gas, and oilfield service companies.
See Also: Why does a company issue an IPO?
Want to see what other hedge funds are holding BHGE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Baker Hughes A GE Co (NYSE:BHGE).
Receive News & Ratings for Baker Hughes A GE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Baker Hughes A GE and related companies with MarketBeat.com's FREE daily email newsletter.