Community Bank N.A. decreased its holdings in BHP Group Ltd (NYSE:BHP) by 5.6% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,920 shares of the mining company’s stock after selling 882 shares during the period. Community Bank N.A.’s holdings in BHP Group were worth $867,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Vigilant Capital Management LLC acquired a new stake in shares of BHP Group in the 2nd quarter valued at $29,000. Massey Quick Simon & CO. LLC bought a new stake in BHP Group in the first quarter worth $38,000. Rehmann Capital Advisory Group lifted its stake in BHP Group by 31.4% in the first quarter. Rehmann Capital Advisory Group now owns 783 shares of the mining company’s stock worth $43,000 after purchasing an additional 187 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in BHP Group in the first quarter worth $44,000. Finally, Meridian Wealth Management LLC bought a new stake in BHP Group in the first quarter worth $55,000. Hedge funds and other institutional investors own 3.65% of the company’s stock.
Several analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of BHP Group from an “underweight” rating to a “neutral” rating in a research note on Friday, July 12th. ValuEngine downgraded shares of BHP Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. UBS Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, Citigroup downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 1st. Three investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. BHP Group has a consensus rating of “Hold” and an average price target of $64.00.
About BHP Group
BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.
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