HighTower Advisors LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Key Points

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HighTower Advisors LLC grew its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 74.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 140,630 shares of the mining company's stock after purchasing an additional 60,170 shares during the quarter. HighTower Advisors LLC's holdings in BHP Group were worth $6,826,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. WFA Asset Management Corp bought a new position in shares of BHP Group during the 1st quarter valued at about $26,000. Costello Asset Management INC purchased a new position in BHP Group in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new position in BHP Group in the 1st quarter worth approximately $27,000. Compagnie Lombard Odier SCmA purchased a new position in BHP Group in the 1st quarter worth approximately $32,000. Finally, Vermillion Wealth Management Inc. purchased a new position in BHP Group in the 4th quarter worth approximately $74,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Down 1.3%

BHP stock opened at $53.42 on Tuesday. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. The business has a fifty day moving average price of $50.87 and a 200-day moving average price of $49.53. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. The stock has a market capitalization of $135.46 billion, a P/E ratio of 12.14 and a beta of 0.80.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Berenberg Bank reiterated a "sell" rating and set a $44.00 price objective on shares of BHP Group in a research note on Thursday, July 24th. Macquarie cut BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. BMO Capital Markets cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Sunday, July 27th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $48.50.

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.

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