BHP Group Limited Sponsored ADR $BHP Stake Lowered by Natixis Advisors LLC

Natixis Advisors LLC reduced its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 8.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 216,187 shares of the mining company’s stock after selling 19,113 shares during the period. Natixis Advisors LLC’s holdings in BHP Group were worth $13,051,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its holdings in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Eagle Bay Advisors LLC purchased a new position in shares of BHP Group during the 4th quarter valued at $39,000. Ameriflex Group Inc. grew its holdings in shares of BHP Group by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after acquiring an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC purchased a new position in shares of BHP Group during the 3rd quarter valued at $43,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Argus set a $95.00 price objective on shares of BHP Group in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Finally, Bank of America lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Friday, May 22nd. 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.33.

BHP Group Stock Performance

BHP stock opened at $82.59 on Friday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 1 year low of $45.74 and a 1 year high of $93.70. The company has a fifty day simple moving average of $81.16 and a 200 day simple moving average of $71.29.

BHP Group Profile

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.