BHP Group Limited Sponsored ADR (NYSE:BHP) Holdings Trimmed by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 514,829 shares of the mining company's stock after selling 21,194 shares during the quarter. Envestnet Asset Management Inc.'s holdings in BHP Group were worth $24,990,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in BHP. Northern Trust Corp increased its stake in shares of BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock valued at $112,043,000 after acquiring an additional 846,963 shares during the period. Balyasny Asset Management L.P. grew its position in BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock worth $34,543,000 after buying an additional 672,016 shares during the last quarter. Raymond James Financial Inc. acquired a new position in BHP Group in the fourth quarter worth approximately $25,878,000. Norges Bank acquired a new position in BHP Group in the fourth quarter worth approximately $20,574,000. Finally, Artemis Investment Management LLP acquired a new position in BHP Group in the first quarter worth approximately $8,734,000. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Price Performance

BHP Group stock traded up $0.55 during mid-day trading on Thursday, hitting $51.72. The company's stock had a trading volume of 2,086,913 shares, compared to its average volume of 2,706,579. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $131.14 billion, a P/E ratio of 11.75 and a beta of 0.80. The stock's fifty day moving average price is $49.41 and its two-hundred day moving average price is $48.96.

Analyst Ratings Changes

Several research firms have issued reports on BHP. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Three investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.