BHP Group Limited Sponsored ADR $BHP Shares Sold by R Squared Ltd

R Squared Ltd lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 73.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,932 shares of the mining company’s stock after selling 8,025 shares during the quarter. R Squared Ltd’s holdings in BHP Group were worth $213,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Abbington Investment Group boosted its position in shares of BHP Group by 45.6% during the fourth quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock worth $4,183,000 after buying an additional 21,700 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of BHP Group by 1,769.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after buying an additional 439,304 shares during the period. SG Americas Securities LLC raised its holdings in shares of BHP Group by 442.2% in the 4th quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock valued at $8,637,000 after buying an additional 116,681 shares during the period. Shrier Wealth Management LLC acquired a new position in BHP Group during the 4th quarter worth about $2,630,000. Finally, Centiva Capital LP acquired a new position in BHP Group during the 3rd quarter worth about $1,225,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Down 2.3%

Shares of BHP opened at $78.42 on Thursday. BHP Group Limited Sponsored ADR has a 1 year low of $49.30 and a 1 year high of $93.83. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $85.15 and a 200-day simple moving average of $75.94.

Analyst Upgrades and Downgrades

Several research firms have weighed in on BHP. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Bank of America lowered their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Argus set a $95.00 price objective on shares of BHP Group in a report on Monday, April 27th. DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Finally, Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, BHP Group has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

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.