BHP Group Limited Sponsored ADR $BHP Stock: Willis Investment Counsel Reduces Position

Willis Investment Counsel decreased its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 73.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 87,939 shares of the mining company’s stock after selling 243,300 shares during the quarter. Willis Investment Counsel’s holdings in BHP Group were worth $7,461,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in BHP. Royal Bank of Canada grew its position in shares of BHP Group by 17.9% during the 1st quarter. Royal Bank of Canada now owns 1,239,402 shares of the mining company’s stock valued at $90,153,000 after purchasing an additional 188,446 shares in the last quarter. Main Street Research LLC bought a new position in shares of BHP Group during the first quarter valued at about $37,767,000. Quantinno Capital Management LP increased its stake in BHP Group by 21.5% in the 1st quarter. Quantinno Capital Management LP now owns 493,604 shares of the mining company’s stock worth $35,905,000 after purchasing an additional 87,378 shares during the period. Rockefeller Capital Management L.P. lifted its position in BHP Group by 36.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 417,845 shares of the mining company’s stock valued at $25,225,000 after purchasing an additional 111,967 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. boosted its stake in shares of BHP Group by 1.1% during the third quarter. Ferguson Wellman Capital Management Inc. now owns 261,230 shares of the mining company’s stock valued at $22,163,000 after purchasing an additional 2,811 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Down 2.0%

Shares of BHP traded down $1.71 during mid-day trading on Tuesday, reaching $81.52. 1,589,682 shares of the company’s stock traded hands, compared to its average volume of 3,158,126. BHP Group Limited Sponsored ADR has a 12 month low of $52.18 and a 12 month high of $98.71. The stock’s 50-day moving average is $88.53 and its two-hundred day moving average is $85.18. The company has a current ratio of 1.88, a quick ratio of 1.48 and a debt-to-equity ratio of 0.43.

BHP Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Shareholders of record on Friday, September 4th were given a $1.98 dividend. This represents a yield of 438.0%. The ex-dividend date of this dividend was Friday, September 4th.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BHP. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Tuesday, October 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Finally, Weiss Ratings raised shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus price target of $78.00.

BHP Group Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP’s principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.