First National Bank of Hutchinson Acquires New Holdings in BHP Group Limited Sponsored ADR $BHP

First National Bank of Hutchinson bought a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 6,833 shares of the mining company’s stock, valued at approximately $497,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its stake in shares of 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 acquiring an additional 150 shares during the last quarter. Bailard Inc. boosted its holdings in shares of BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after acquiring an additional 174 shares in the last quarter. Addison Advisors LLC grew its position in BHP Group by 31.8% during 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 last quarter. Persium Advisors LLC grew its position in BHP Group by 1.3% during 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 last quarter. Finally, AlTi Global Inc. increased its holdings in BHP Group by 5.3% in the 4th quarter. AlTi Global Inc. now owns 3,976 shares of the mining company’s stock worth $240,000 after purchasing an additional 200 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

NYSE BHP opened at $84.40 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a twelve month low of $49.68 and a twelve month high of $93.83. The stock has a fifty day simple moving average of $85.42 and a 200 day simple moving average of $76.54.

Wall Street Analyst Weigh In

A number of analysts have recently commented on BHP shares. Bank of America cut their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, June 22nd. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

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.