Marco Investment Management LLC Has $1.71 Million Stake in BHP Group Limited Sponsored ADR $BHP

Marco Investment Management LLC reduced its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 20.5% in the third quarter, HoldingsChannel.com reports. The fund owned 30,634 shares of the mining company’s stock after selling 7,900 shares during the quarter. Marco Investment Management LLC’s holdings in BHP Group were worth $1,708,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fisher Asset Management LLC increased its holdings in BHP Group by 1.9% in the second quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock worth $1,098,484,000 after purchasing an additional 429,330 shares in the last quarter. Norges Bank bought a new stake in shares of BHP Group in the 2nd quarter valued at $20,262,000. Townsend & Associates Inc increased its stake in shares of BHP Group by 66.6% in the 2nd quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock valued at $31,921,000 after acquiring an additional 240,075 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of BHP Group by 119.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 424,361 shares of the mining company’s stock valued at $20,408,000 after acquiring an additional 230,848 shares during the period. Finally, Franklin Resources Inc. boosted its stake in BHP Group by 48.2% during the second quarter. Franklin Resources Inc. now owns 383,043 shares of the mining company’s stock worth $18,421,000 after acquiring an additional 124,625 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

BHP has been the subject of several research analyst reports. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, December 30th. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Wednesday, January 21st. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $56.00.

BHP Group Price Performance

NYSE:BHP opened at $69.39 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.46 and a quick ratio of 1.11. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $74.98. The firm has a 50-day moving average of $61.90 and a 200-day moving average of $57.15.

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.