BlackRock Amends Baker Hughes Stake, Maintains Passive Position
Ticker: BKR · Form: SC 13G/A · Filed: Feb 6, 2024 · CIK: 1701605
| Field | Detail |
|---|---|
| Company | Baker Hughes CO (BKR) |
| Form Type | SC 13G/A |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns Baker Hughes stock, signaling continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on February 6, 2024, indicating its ownership of Baker Hughes Co. Class A Common Stock as of December 31, 2023. This filing, an amendment to a previous one, shows BlackRock's continued significant, but passive, stake in the oil and gas machinery company. For investors, this means a major institutional player maintains a position in Baker Hughes, suggesting a degree of confidence in the company's long-term prospects, though the exact change in their holding isn't detailed in this summary.
Why It Matters
This filing confirms BlackRock, a major institutional investor, continues to hold a significant stake in Baker Hughes Co., which can be seen as a vote of confidence in the company's stability and future performance.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or significant change in company fundamentals.
Analyst Insight
Investors should note BlackRock's continued passive stake in Baker Hughes Co. as a sign of institutional confidence, but this filing alone doesn't provide new information for immediate trading decisions. It's a routine update.
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- Baker Hughes Co. (company) — the subject company whose Class A Common Stock is being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- February 6, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and '(Amendment No: 1)' in the filing.
Who is the filer of this SC 13G/A?
The filer of this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What company's securities are the subject of this filing?
The subject company is Baker Hughes Co., specifically its Class A Common Stock, as detailed under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Baker Hughes Co' and 'Title of Class of Securities: Class A Common Stock'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly stated in the filing.
Under which rule was this Schedule 13G filed?
This Schedule 13G was filed under Rule 13d-1(b), indicated by the '[X] Rule 13d-1(b)' checkbox selection in the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 6, 2024 regarding Baker Hughes Co (BKR).