Norway Savings Bank Trims Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Norway Savings Bank cut its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 2.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,159 shares of the mining company’s stock after selling 380 shares during the quarter. Norway Savings Bank’s holdings in BHP Group were worth $784,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Jamison Private Wealth Management Inc. lifted its holdings in shares of BHP Group by 1.2% during the 1st quarter. Jamison Private Wealth Management Inc. now owns 81,148 shares of the mining company’s stock worth $3,939,000 after acquiring an additional 963 shares during the period. Avior Wealth Management LLC lifted its holdings in shares of BHP Group by 106.1% during the 1st quarter. Avior Wealth Management LLC now owns 10,895 shares of the mining company’s stock worth $529,000 after acquiring an additional 5,609 shares during the period. CWA Asset Management Group LLC purchased a new position in BHP Group during the first quarter worth approximately $517,000. Essex Savings Bank raised its stake in BHP Group by 3.8% during the first quarter. Essex Savings Bank now owns 7,764 shares of the mining company’s stock worth $377,000 after purchasing an additional 281 shares during the period. Finally, Clarius Group LLC raised its stake in BHP Group by 9.2% during the first quarter. Clarius Group LLC now owns 6,438 shares of the mining company’s stock worth $313,000 after purchasing an additional 541 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Trading Down 3.2%

NYSE BHP opened at $46.09 on Friday. The company’s 50 day moving average price is $48.75 and its 200 day moving average price is $49.14. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $63.21. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a market capitalization of $116.88 billion, a price-to-earnings ratio of 10.48 and a beta of 0.82.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BHP. Argus downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Friday, June 13th. Sanford C. Bernstein lowered BHP Group from an “outperform” rating to a “market perform” rating in a research report on Monday, May 19th. Finally, Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

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.