Schechter Investment Advisors LLC Trims Stock Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Schechter Investment Advisors LLC lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 34.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,346 shares of the mining company’s stock after selling 4,439 shares during the quarter. Schechter Investment Advisors LLC’s holdings in BHP Group were worth $405,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Kathmere Capital Management LLC lifted its position in shares of BHP Group by 35.7% during the 1st quarter. Kathmere Capital Management LLC now owns 5,718 shares of the mining company’s stock worth $278,000 after buying an additional 1,503 shares during the last quarter. Burford Brothers Inc. raised its position in BHP Group by 17.9% in the 1st quarter. Burford Brothers Inc. now owns 11,706 shares of the mining company’s stock valued at $568,000 after purchasing an additional 1,780 shares during the last quarter. Cerity Partners LLC raised its position in BHP Group by 40.8% in the 1st quarter. Cerity Partners LLC now owns 100,921 shares of the mining company’s stock valued at $4,899,000 after purchasing an additional 29,258 shares during the last quarter. Valeo Financial Advisors LLC raised its position in BHP Group by 10.2% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,208 shares of the mining company’s stock valued at $398,000 after purchasing an additional 763 shares during the last quarter. Finally, Hourglass Capital LLC raised its position in BHP Group by 4.4% in the 1st quarter. Hourglass Capital LLC now owns 82,751 shares of the mining company’s stock valued at $4,017,000 after purchasing an additional 3,485 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of several research reports. Sanford C. Bernstein downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Argus downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Friday, June 13th. Three analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

BHP Group Stock Performance

Shares of BHP opened at $50.41 on Wednesday. The stock has a market capitalization of $127.81 billion, a P/E ratio of 11.46 and a beta of 0.80. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21. The company’s fifty day moving average is $49.35 and its two-hundred day moving average is $48.95.

About BHP Group

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.