Garner Asset Management Corp Acquires New Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Garner Asset Management Corp purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,625 shares of the mining company's stock, valued at approximately $467,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. WFA Asset Management Corp acquired a new stake in BHP Group in the 1st quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new position in shares of BHP Group in the first quarter worth $27,000. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group in the first quarter worth $32,000. Allianz SE acquired a new position in shares of BHP Group in the fourth quarter worth $51,000. Finally, Headlands Technologies LLC acquired a new position in shares of BHP Group in the fourth quarter worth $53,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Sanford C. Bernstein downgraded shares of BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Argus downgraded shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Macquarie downgraded shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. Finally, Berenberg Bank reiterated a "sell" rating and set a $44.00 target price on shares of BHP Group in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $48.50.

BHP Group Price Performance

BHP traded down $0.96 on Friday, hitting $53.13. 2,333,372 shares of the company were exchanged, compared to its average volume of 2,994,194. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The business's fifty day moving average is $49.86 and its 200 day moving average is $49.16. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The firm has a market capitalization of $134.71 billion, a P/E ratio of 12.07 and a beta of 0.80.

About BHP Group

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.