Portland Global Advisors LLC Has $424,000 Stock Position in BHP Group Ltd (NYSE:BHP)

Portland Global Advisors LLC lowered its stake in BHP Group Ltd (NYSE:BHP) by 7.9% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 7,305 shares of the mining company’s stock after selling 625 shares during the period. Portland Global Advisors LLC’s holdings in BHP Group were worth $424,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of BHP. Lazard Asset Management LLC boosted its position in BHP Group by 273.7% in the first quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock valued at $138,870,000 after buying an additional 1,860,489 shares in the last quarter. Neuberger Berman Group LLC bought a new position in shares of BHP Group during the first quarter valued at $56,537,000. Segantii Capital Management Ltd raised its stake in shares of BHP Group by 349.8% during the second quarter. Segantii Capital Management Ltd now owns 1,276,459 shares of the mining company’s stock valued at $73,633,000 after acquiring an additional 992,659 shares during the last quarter. Norges Bank bought a new position in shares of BHP Group during the fourth quarter valued at $31,842,000. Finally, Marshall Wace North America L.P. bought a new position in shares of BHP Group during the first quarter valued at $15,079,000. Hedge funds and other institutional investors own 3.65% of the company’s stock.

Several equities analysts have recently issued reports 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. Zacks Investment Research raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, April 9th. Citigroup downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 1st. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, UBS Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $64.00.

Shares of BHP stock traded down $0.93 during trading hours on Wednesday, hitting $49.29. 201,837 shares of the company’s stock traded hands, compared to its average volume of 1,641,631. The firm has a 50 day moving average price of $56.61. The stock has a market cap of $79.13 billion, a PE ratio of 14.70, a PEG ratio of 2.66 and a beta of 0.82. BHP Group Ltd has a 12 month low of $43.19 and a 12 month high of $59.02. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43.

BHP Group Company Profile

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.

Recommended Story: The Discount Rate – What You Need to Know

Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Ltd (NYSE:BHP).

Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.