BHP Group PLC (NYSE:BBL) Shares Sold by Montgomery Investment Management Inc.

Montgomery Investment Management Inc. cut its holdings in shares of BHP Group PLC (NYSE:BBL) by 6.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,381 shares of the mining company’s stock after selling 2,000 shares during the quarter. Montgomery Investment Management Inc.’s holdings in BHP Group were worth $1,604,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quantamental Technologies LLC acquired a new position in BHP Group in the 1st quarter valued at about $29,000. Advisory Services Network LLC boosted its holdings in BHP Group by 35.5% in the 2nd quarter. Advisory Services Network LLC now owns 877 shares of the mining company’s stock valued at $45,000 after purchasing an additional 230 shares during the last quarter. Private Capital Group LLC boosted its holdings in BHP Group by 76.9% in the 1st quarter. Private Capital Group LLC now owns 1,033 shares of the mining company’s stock valued at $50,000 after purchasing an additional 449 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in BHP Group by 51.0% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,176 shares of the mining company’s stock valued at $57,000 after purchasing an additional 397 shares during the last quarter. Finally, Cullen Frost Bankers Inc. acquired a new position in BHP Group in the 1st quarter valued at about $63,000. Hedge funds and other institutional investors own 4.55% of the company’s stock.

BBL has been the topic of several recent analyst reports. Liberum Capital lowered shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, July 24th. Jefferies Financial Group reiterated a “hold” rating on shares of BHP Group in a report on Tuesday, August 6th. ValuEngine lowered shares of BHP Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. UBS Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Finally, Zacks Investment Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $54.00.

Shares of BHP Group stock traded down $0.96 on Tuesday, reaching $42.00. The company had a trading volume of 701,283 shares, compared to its average volume of 1,193,093. The firm’s 50 day moving average price is $47.55 and its two-hundred day moving average price is $47.25. The firm has a market cap of $44.28 billion, a PE ratio of 12.50, a PEG ratio of 2.40 and a beta of 0.88. BHP Group PLC has a 52-week low of $38.04 and a 52-week high of $51.87. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

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

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