Sowell Financial Services LLC Takes Position in BHP Group Limited Sponsored ADR (NYSE:BHP)

Sowell Financial Services LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,778 shares of the mining company’s stock, valued at approximately $280,000.

Other hedge funds also recently modified their holdings of the company. Fisher Asset Management LLC raised its stake in BHP Group by 1.3% during the fourth quarter. Fisher Asset Management LLC now owns 22,225,134 shares of the mining company’s stock worth $1,085,253,000 after acquiring an additional 280,258 shares in the last quarter. Northern Trust Corp raised its stake in BHP Group by 58.5% during the fourth quarter. Northern Trust Corp now owns 2,294,562 shares of the mining company’s stock worth $112,043,000 after acquiring an additional 846,963 shares in the last quarter. Marshall Wace LLP increased its stake in shares of BHP Group by 16.9% in the fourth quarter. Marshall Wace LLP now owns 710,003 shares of the mining company’s stock valued at $34,669,000 after buying an additional 102,433 shares in the last quarter. Balyasny Asset Management L.P. increased its stake in shares of BHP Group by 1,898.9% in the fourth quarter. Balyasny Asset Management L.P. now owns 707,405 shares of the mining company’s stock valued at $34,543,000 after buying an additional 672,016 shares in the last quarter. Finally, American Century Companies Inc. increased its stake in shares of BHP Group by 9.7% in the fourth quarter. American Century Companies Inc. now owns 642,756 shares of the mining company’s stock valued at $31,386,000 after buying an additional 57,097 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a report on Monday, May 19th. Clarkson Capital upgraded BHP Group to a “strong-buy” rating in a report on Friday, February 28th. Finally, Argus cut BHP Group from a “buy” rating to a “hold” rating in a report on Friday, June 13th. 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. According to data from MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

Shares of BHP opened at $46.09 on Friday. The stock has a market cap of $116.88 billion, a P/E ratio of 10.48 and a beta of 0.82. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The stock’s 50-day moving average price is $48.75 and its two-hundred day moving average price is $49.12. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $63.21.

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.