BHP Group Limited Sponsored ADR $BHP Shares Sold by Sei Investments Co.

Sei Investments Co. lessened its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 72,230 shares of the mining company’s stock after selling 11,216 shares during the quarter. Sei Investments Co.’s holdings in BHP Group were worth $5,254,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Parallel Advisors LLC grew its position in BHP Group by 1.3% in the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after buying an additional 150 shares during the last quarter. Bailard Inc. raised its position in BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after buying an additional 174 shares during the last quarter. Addison Advisors LLC lifted its stake in shares of BHP Group by 31.8% in the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after acquiring an additional 181 shares during the period. Persium Advisors LLC lifted its stake in shares of BHP Group by 1.3% in the 1st quarter. Persium Advisors LLC now owns 15,489 shares of the mining company’s stock worth $1,127,000 after acquiring an additional 196 shares during the period. Finally, AlTi Global Inc. boosted its holdings in shares of BHP Group by 5.3% in the fourth quarter. AlTi Global Inc. now owns 3,976 shares of the mining company’s stock valued at $240,000 after acquiring an additional 200 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of BHP opened at $87.48 on Wednesday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 52-week low of $51.13 and a 52-week high of $93.83. The company has a 50-day simple moving average of $84.87 and a 200-day simple moving average of $78.79.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on BHP. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Zacks Research cut BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 22nd. Argus set a $95.00 target price on BHP Group in a research note on Monday, April 27th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and a consensus target price of $78.00.

BHP Group Company 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.