Dimensional Fund Advisors LP Reduces Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Dimensional Fund Advisors LP lowered its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 2.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 3,526,902 shares of the mining company’s stock after selling 98,987 shares during the quarter. Dimensional Fund Advisors LP’s holdings in BHP Group were worth $256,490,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BHP. Bayban bought a new position in BHP Group in the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC bought a new stake in BHP Group during the 4th quarter valued at approximately $26,000. Sound Income Strategies LLC boosted its position in BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Finally, Whipplewood Advisors LLC grew its holdings in shares of BHP Group by 8,320.0% during the 1st 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 currently owned by institutional investors.

BHP Group Trading Up 1.4%

NYSE:BHP opened at $84.61 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group Limited Sponsored ADR has a one year low of $49.68 and a one year high of $93.83. The company’s 50-day simple moving average is $84.95 and its 200 day simple moving average is $77.47.

Wall Street Analyst Weigh In

BHP has been the subject of several research reports. Bank of America decreased their target price on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, BHP Group presently has an average rating of “Moderate Buy” and a consensus price target of $69.50.

BHP Group Company 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.