421,334 Shares in BHP Group Limited Sponsored ADR $BHP Acquired by Norges Bank

Norges Bank bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 421,334 shares of the mining company’s stock, valued at approximately $25,436,000.

A number of other institutional investors have also made changes to their positions in BHP. Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.1% during the 4th quarter. Fisher Asset Management LLC now owns 23,402,474 shares of the mining company’s stock valued at $1,412,807,000 after acquiring an additional 252,825 shares during the period. Bank of America Corp DE lifted its position in shares of BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after buying an additional 697,316 shares during the last quarter. Northern Trust Corp lifted its position in shares of BHP Group by 5.3% during the 3rd quarter. Northern Trust Corp now owns 2,443,560 shares of the mining company’s stock worth $136,228,000 after buying an additional 123,382 shares during the last quarter. SIH Partners LLLP lifted its position in shares of BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after buying an additional 1,677,739 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in shares of BHP Group by 18.3% during the 3rd quarter. American Century Companies Inc. now owns 920,304 shares of the mining company’s stock worth $51,307,000 after buying an additional 142,060 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Argus set a $95.00 target price on BHP Group in a report on Monday, April 27th. Bank of America cut BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Zacks Research cut BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Finally, DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.33.

BHP Group Stock Performance

BHP stock opened at $85.05 on Wednesday. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.70. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The stock’s 50 day moving average is $81.78 and its 200-day moving average is $71.84.

About BHP Group

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.