Norway Savings Bank Trims Holdings in BHP Group Limited (NYSE:BHP)

Norway Savings Bank reduced its position in shares of BHP Group Limited (NYSE:BHP) by 3.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,539 shares of the mining company’s stock after selling 660 shares during the period. Norway Savings Bank’s holdings in BHP Group were worth $808,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in BHP Group in the 4th quarter valued at $40,000. JPMorgan Chase & Co. increased its stake in BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Franklin Resources Inc. lifted its position in BHP Group by 17.4% during the third quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company’s stock worth $18,807,000 after buying an additional 46,791 shares during the period. Peapack Gladstone Financial Corp boosted its stake in BHP Group by 13.0% in the 3rd quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company’s stock worth $3,695,000 after buying an additional 6,863 shares during the last quarter. Finally, Synovus Financial Corp grew its holdings in BHP Group by 18.7% in the 3rd quarter. Synovus Financial Corp now owns 7,423 shares of the mining company’s stock valued at $461,000 after buying an additional 1,168 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on BHP shares. Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Finally, Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Trading Down 0.5 %

Shares of BHP Group stock traded down $0.22 during trading hours on Tuesday, hitting $48.27. The company’s stock had a trading volume of 1,299,480 shares, compared to its average volume of 2,400,366. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $122.40 billion, a PE ratio of 10.45 and a beta of 0.95. The business has a fifty day moving average of $52.14 and a 200 day moving average of $54.69. BHP Group Limited has a 1-year low of $48.21 and a 1-year high of $66.13.

About BHP Group

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.