Hennion & Walsh Asset Management Inc. Decreases Holdings in BHP Group Limited (NYSE:BHP)

Hennion & Walsh Asset Management Inc. lowered its stake in BHP Group Limited (NYSE:BHP - Free Report) by 57.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,130 shares of the mining company's stock after selling 17,589 shares during the quarter. Hennion & Walsh Asset Management Inc.'s holdings in BHP Group were worth $637,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in BHP. Northern Trust Corp boosted its stake in BHP Group by 58.5% in the 4th quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company's stock worth $112,043,000 after purchasing an additional 846,963 shares during the period. Balyasny Asset Management L.P. raised its holdings in shares of BHP Group by 1,898.9% in the 4th quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company's stock valued at $34,543,000 after acquiring an additional 672,016 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of BHP Group in the 4th quarter valued at about $25,878,000. Norges Bank purchased a new stake in shares of BHP Group in the 4th quarter valued at about $20,574,000. Finally, Fisher Asset Management LLC raised its holdings in shares of BHP Group by 1.3% in the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock valued at $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. Institutional investors own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

BHP has been the topic of several recent analyst reports. Clarkson Capital raised BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Wall Street Zen cut BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $53.00.

BHP Group Price Performance

Shares of NYSE BHP traded down $0.26 during trading hours on Friday, reaching $49.57. 1,757,352 shares of the stock traded hands, compared to its average volume of 2,546,841. The company has a market capitalization of $125.70 billion, a P/E ratio of 11.27 and a beta of 0.82. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The company's 50-day simple moving average is $47.73 and its two-hundred day simple moving average is $49.36.

BHP Group Company 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.