HighTower Advisors LLC Has $7.55 Million Stake in BHP Group Limited (NYSE:BHP)

HighTower Advisors LLC trimmed its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 63.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 121,462 shares of the mining company's stock after selling 210,253 shares during the period. HighTower Advisors LLC's holdings in BHP Group were worth $7,548,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Pinnacle West Asset Management Inc. lifted its position in BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company's stock worth $452,000 after buying an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in BHP Group by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company's stock valued at $1,570,000 after purchasing an additional 202 shares in the last quarter. Bleakley Financial Group LLC increased its position in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company's stock worth $317,000 after purchasing an additional 203 shares during the last quarter. Huntington National Bank raised its stake in shares of BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after purchasing an additional 203 shares in the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in shares of BHP Group by 1.1% during the 2nd quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company's stock worth $1,097,000 after purchasing an additional 208 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BHP has been the topic of several recent research reports. StockNews.com raised shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a "market perform" rating to an "outperform" rating in a report on Monday, September 16th. Jefferies Financial Group lowered BHP Group from a "buy" rating to a "hold" rating and cut their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Argus upgraded BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

BHP Group Stock Performance

BHP Group stock traded down $0.35 on Tuesday, reaching $53.40. 1,791,174 shares of the stock were exchanged, compared to its average volume of 2,447,872. The firm has a fifty day moving average price of $55.50 and a two-hundred day moving average price of $55.84. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

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.