Nichols & Pratt Advisers LLP MA boosted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 29.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,280 shares of the mining company's stock after buying an additional 16,641 shares during the quarter. Nichols & Pratt Advisers LLP MA's holdings in BHP Group were worth $3,509,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. WFA Asset Management Corp acquired a new position in BHP Group during the first quarter worth approximately $26,000. Alpine Bank Wealth Management acquired a new position in BHP Group during the first quarter worth approximately $27,000. Compagnie Lombard Odier SCmA acquired a new position in BHP Group during the first quarter worth approximately $32,000. Allianz SE acquired a new position in BHP Group during the fourth quarter worth approximately $51,000. Finally, Headlands Technologies LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 3.79% of the company's stock.
Analyst Ratings Changes
Several research firms recently weighed in on BHP. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a report on Monday, May 19th. Argus cut BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Three analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $53.00.
Check Out Our Latest Stock Analysis on BHP Group
BHP Group Price Performance
BHP Group stock traded down $1.07 during mid-day trading on Monday, reaching $49.45. 3,536,981 shares of the company were exchanged, compared to its average volume of 2,651,279. The company has a fifty day simple moving average of $49.04 and a 200-day simple moving average of $48.88. The firm has a market cap of $125.39 billion, a PE ratio of 11.24 and a beta of 0.80. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25. BHP Group Limited Sponsored ADR has a 12 month low of $39.73 and a 12 month high of $63.21.
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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