Manning & Napier Advisors LLC Sells 11,354 Shares of BHP Group Limited Sponsored ADR $BHP

Manning & Napier Advisors LLC reduced its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 8.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,009 shares of the mining company’s stock after selling 11,354 shares during the period. Manning & Napier Advisors LLC’s holdings in BHP Group were worth $7,309,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in BHP. Prime Capital Investment Advisors LLC increased its holdings in BHP Group by 3.4% in the second quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock valued at $266,000 after purchasing an additional 184 shares during the last quarter. Financial Management Professionals Inc. grew its position in shares of BHP Group by 3.0% during the 3rd quarter. Financial Management Professionals Inc. now owns 6,418 shares of the mining company’s stock worth $358,000 after buying an additional 185 shares during the period. TT Capital Management LLC increased its stake in shares of BHP Group by 3.5% in the 2nd quarter. TT Capital Management LLC now owns 5,617 shares of the mining company’s stock valued at $270,000 after acquiring an additional 190 shares during the last quarter. Highline Wealth Partners LLC raised its position in shares of BHP Group by 1.9% in the 3rd quarter. Highline Wealth Partners LLC now owns 10,387 shares of the mining company’s stock valued at $579,000 after acquiring an additional 195 shares during the period. Finally, Sivia Capital Partners LLC raised its position in shares of BHP Group by 4.9% in the 3rd quarter. Sivia Capital Partners LLC now owns 4,486 shares of the mining company’s stock valued at $250,000 after acquiring an additional 209 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BHP. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Tuesday, December 30th. Finally, Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $56.00.

BHP Group Price Performance

Shares of BHP stock opened at $63.98 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $65.09. The company’s 50 day moving average price is $58.34 and its two-hundred day moving average price is $55.47.

About BHP Group

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.