Kovack Advisors Inc. Sells 648 Shares of BHP Group Limited (NYSE:BHP)

Kovack Advisors Inc. lessened its holdings in BHP Group Limited (NYSE:BHP) by 10.4% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,610 shares of the mining company’s stock after selling 648 shares during the period. Kovack Advisors Inc.’s holdings in BHP Group were worth $324,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of BHP. Norges Bank bought a new stake in BHP Group in the fourth quarter worth $191,837,000. Wellington Management Group LLP increased its position in BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after acquiring an additional 1,395,940 shares during the last quarter. Fisher Asset Management LLC increased its position in BHP Group by 3.1% during the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after acquiring an additional 589,317 shares during the last quarter. International Assets Investment Management LLC increased its position in BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after acquiring an additional 457,760 shares during the last quarter. Finally, CIBC Private Wealth Group LLC increased its position in BHP Group by 80.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock valued at $64,348,000 after acquiring an additional 420,550 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BHP shares. Barclays reiterated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup assumed coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $50.00.

BHP Group Stock Up 3.1 %

Shares of BHP opened at $59.54 on Friday. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. The firm has a fifty day moving average price of $57.91 and a 200-day moving average price of $59.65.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.