Oppenheimer Asset Management Inc. Trims Holdings in BHP Group Limited Sponsored ADR (NYSE:BHP)

Oppenheimer Asset Management Inc. reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 34.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,064 shares of the mining company's stock after selling 25,419 shares during the period. Oppenheimer Asset Management Inc.'s holdings in BHP Group were worth $2,382,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. WFA Asset Management Corp bought a new stake in BHP Group during the 1st quarter valued at $26,000. Compagnie Lombard Odier SCmA purchased a new position in shares of BHP Group in the first quarter valued at about $32,000. Allianz SE bought a new position in shares of BHP Group during the fourth quarter valued at about $51,000. Headlands Technologies LLC purchased a new stake in shares of BHP Group during the fourth quarter worth about $53,000. Finally, Rothschild Investment LLC grew its stake in shares of BHP Group by 119.4% in the fourth quarter. Rothschild Investment LLC now owns 1,301 shares of the mining company's stock worth $64,000 after purchasing an additional 708 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Up 0.7%

BHP traded up $0.33 on Friday, hitting $48.67. The company had a trading volume of 3,050,632 shares, compared to its average volume of 2,601,133. 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 $123.40 billion, a P/E ratio of 11.06 and a beta of 0.82. The stock has a fifty day simple moving average of $48.84 and a 200-day simple moving average of $49.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

Analysts Set New Price Targets

A number of research firms have commented on BHP. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Argus downgraded BHP Group from a "buy" rating to a "hold" rating in a report on Friday, June 13th. Finally, Sanford C. Bernstein lowered BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $53.00.

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.