BHP Group Limited Sponsored ADR (NYSE:BHP) Position Lifted by Jackson Hole Capital Partners LLC

Jackson Hole Capital Partners LLC grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 43.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 18,804 shares of the mining company's stock after purchasing an additional 5,704 shares during the quarter. Jackson Hole Capital Partners LLC's holdings in BHP Group were worth $913,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sowell Financial Services LLC purchased a new position in BHP Group during the first quarter worth approximately $280,000. Allspring Global Investments Holdings LLC grew its holdings in shares of BHP Group by 5.9% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 13,647 shares of the mining company's stock worth $654,000 after purchasing an additional 764 shares during the period. Deutsche Bank AG boosted its stake in BHP Group by 160.0% during the fourth quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after buying an additional 1,200 shares during the period. GAMMA Investing LLC lifted its stake in BHP Group by 81.4% during the first quarter. GAMMA Investing LLC now owns 2,899 shares of the mining company's stock worth $141,000 after purchasing an additional 1,301 shares in the last quarter. Finally, Oppenheimer & Co. Inc. boosted its position in shares of BHP Group by 9.4% during the first quarter. Oppenheimer & Co. Inc. now owns 27,124 shares of the mining company's stock worth $1,317,000 after buying an additional 2,333 shares during the period. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analyst Upgrades and Downgrades

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

BHP Group Stock Down 1.9%

Shares of BHP stock traded down $1.03 on Monday, hitting $52.12. The stock had a trading volume of 1,801,738 shares, compared to its average volume of 2,992,267. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $63.21. The firm has a market capitalization of $132.17 billion, a price-to-earnings ratio of 11.84 and a beta of 0.80. 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 stock's 50 day moving average is $49.92 and its 200-day moving average is $49.20.

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.