Sei Investments Co. Trims Stock Holdings in BHP Group Limited Sponsored ADR (NYSE:BHP)

Sei Investments Co. lowered its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.5% in the first quarter, Holdings Channel.com reports. The institutional investor owned 51,210 shares of the mining company’s stock after selling 8,016 shares during the period. Sei Investments Co.’s holdings in BHP Group were worth $2,486,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Costello Asset Management INC acquired a new position in shares of BHP Group in the first quarter valued at approximately $26,000. WFA Asset Management Corp acquired a new position in shares of BHP Group in the first quarter valued at approximately $26,000. Alpine Bank Wealth Management acquired a new position in shares of BHP Group in the first quarter valued at approximately $27,000. Compagnie Lombard Odier SCmA acquired a new position in shares of BHP Group in the first quarter valued at approximately $32,000. Finally, Vermillion Wealth Management Inc. acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $74,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on BHP. Macquarie lowered BHP Group from an “outperform” rating to a “neutral” rating in a report on Friday, July 18th. Sanford C. Bernstein lowered BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. BMO Capital Markets lowered BHP Group from an “outperform” rating to a “market perform” rating in a report on Sunday, July 27th. Argus lowered BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. Finally, Berenberg Bank reaffirmed a “sell” rating and set a $44.00 price objective on shares of BHP Group in a report on Thursday, July 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Trading Up 0.6%

Shares of BHP stock opened at $54.12 on Friday. The business’s fifty day moving average price is $50.80 and its 200 day moving average price is $49.50. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $63.21. The firm has a market capitalization of $137.24 billion, a PE ratio of 12.30 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 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.