421,334 Shares in BHP Group Limited Sponsored ADR $BHP Bought by Norges Bank

Norges Bank acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 421,334 shares of the mining company’s stock, valued at approximately $20,262,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Prime Capital Investment Advisors LLC boosted its stake in shares of BHP Group by 3.4% during the 2nd 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 in the last quarter. Palogic Value Management L.P. lifted its holdings in BHP Group by 0.3% in the second quarter. Palogic Value Management L.P. now owns 85,132 shares of the mining company’s stock worth $4,094,000 after buying an additional 245 shares during the period. Chicago Partners Investment Group LLC boosted its position in BHP Group by 3.8% during the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,498 shares of the mining company’s stock valued at $361,000 after acquiring an additional 275 shares in the last quarter. Mutual Advisors LLC grew its holdings in shares of BHP Group by 4.0% during the 2nd quarter. Mutual Advisors LLC now owns 7,155 shares of the mining company’s stock worth $380,000 after acquiring an additional 276 shares during the period. Finally, Baader Bank Aktiengesellschaft grew its holdings in shares of BHP Group by 2.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 10,046 shares of the mining company’s stock worth $477,000 after acquiring an additional 281 shares during the period. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

BHP Group stock opened at $58.38 on Tuesday. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $59.86. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The stock’s 50 day moving average is $55.70 and its 200 day moving average is $53.23.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on BHP. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.50.

BHP Group Company Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.