Natixis Advisors LLC cut its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 38.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 176,999 shares of the mining company's stock after selling 110,805 shares during the quarter. Natixis Advisors LLC's holdings in BHP Group were worth $8,592,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also recently added to or reduced their stakes in the business. Sterling Capital Management LLC increased its position in shares of BHP Group by 1.4% during the fourth quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock worth $677,000 after acquiring an additional 195 shares during the last quarter. Invesco Ltd. increased its holdings in shares of BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after acquiring an additional 198 shares during the last quarter. NBT Bank N A NY raised its position in shares of BHP Group by 10.1% during the 1st quarter. NBT Bank N A NY now owns 2,353 shares of the mining company's stock valued at $114,000 after acquiring an additional 216 shares in the last quarter. Wedmont Private Capital boosted its holdings in BHP Group by 4.2% in the first quarter. Wedmont Private Capital now owns 6,788 shares of the mining company's stock worth $307,000 after purchasing an additional 276 shares during the period. Finally, Gleason Group Inc. boosted its stake in BHP Group by 2.0% in the first quarter. Gleason Group Inc. now owns 14,435 shares of the mining company's stock valued at $701,000 after acquiring an additional 280 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on BHP shares. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Berenberg Bank restated a "sell" rating and issued a $44.00 target price on shares of BHP Group in a research report on Thursday, July 24th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a research report on Friday, June 13th. BMO Capital Markets lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Sunday, July 27th. Finally, Macquarie lowered shares of BHP Group from an "outperform" rating to a "neutral" rating in a research note on Friday, July 18th. One analyst has rated the stock with a sell rating, five have given 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.com, BHP Group has an average rating of "Hold" and an average target price of $48.50.
View Our Latest Stock Analysis on BHP
BHP Group Trading Up 1.8%
Shares of NYSE:BHP traded up $0.96 during mid-day trading on Friday, hitting $53.07. The stock had a trading volume of 1,409,897 shares, compared to its average volume of 2,992,293. BHP Group Limited Sponsored ADR has a 12-month low of $39.73 and a 12-month high of $63.21. 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 company has a market cap of $134.58 billion, a PE ratio of 12.06 and a beta of 0.80. The company's 50 day moving average is $50.26 and its 200-day moving average is $49.32.
About BHP Group
(
Free Report)
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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