Jeppson Wealth Management LLC Sells 12,273 Shares of BHP Group Limited Sponsored ADR (NYSE:BHP)

Jeppson Wealth Management LLC reduced its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 34.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 23,157 shares of the mining company's stock after selling 12,273 shares during the period. Jeppson Wealth Management LLC's holdings in BHP Group were worth $1,124,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in BHP Group by 1.3% during the 4th quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company's stock worth $1,085,253,000 after purchasing an additional 280,258 shares during the last quarter. Northern Trust Corp raised its holdings 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 valued at $112,043,000 after acquiring an additional 846,963 shares in the last quarter. Marshall Wace LLP raised its holdings in BHP Group by 16.9% in the 4th quarter. Marshall Wace LLP now owns 710,003 shares of the mining company's stock valued at $34,669,000 after acquiring an additional 102,433 shares in the last quarter. Balyasny Asset Management L.P. raised its holdings in 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. Finally, American Century Companies Inc. raised its holdings in BHP Group by 9.7% in the 4th quarter. American Century Companies Inc. now owns 642,756 shares of the mining company's stock valued at $31,386,000 after acquiring an additional 57,097 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the subject of several analyst reports. Argus cut BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Sanford C. Bernstein lowered 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 issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Stock Performance

BHP traded up $0.33 during midday trading on Friday, hitting $48.67. 3,050,632 shares of the company were exchanged, compared to its average volume of 2,608,509. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. The firm's 50 day moving average price is $48.88 and its 200-day moving average price is $48.93. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

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.