BHP Group Limited Sponsored ADR $BHP Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 17.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 431,000 shares of the mining company’s stock after selling 93,400 shares during the quarter. Gabelli Funds LLC’s holdings in BHP Group were worth $31,351,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHP. Bayban purchased a new position in shares of BHP Group during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of BHP Group in the fourth quarter worth about $26,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of BHP Group in the fourth quarter worth about $26,000. Sound Income Strategies LLC grew its holdings in BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares during the period. Finally, Whipplewood Advisors LLC grew its holdings in BHP Group by 8,320.0% during the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock worth $31,000 after acquiring an additional 416 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHP. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Argus set a $95.00 price objective on shares of BHP Group in a research note on Monday, April 27th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Friday, July 17th. Finally, Bank of America decreased their target price 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. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $78.00.

BHP Group Stock Up 0.0%

BHP stock opened at $83.69 on Friday. BHP Group Limited Sponsored ADR has a 52-week low of $49.68 and a 52-week high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The company’s 50-day simple moving average is $84.83 and its 200-day simple moving average is $77.66.

BHP Group 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.