Wells Fargo & Company MN Has $57.15 Million Position in BHP Group Limited (NYSE:BHP)

Wells Fargo & Company MN lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 3.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 836,692 shares of the mining company’s stock after selling 33,915 shares during the period. Wells Fargo & Company MN’s holdings in BHP Group were worth $57,154,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of BHP. Norges Bank acquired a new stake in shares of BHP Group in the 4th quarter valued at $191,837,000. Wellington Management Group LLP lifted its stake in shares of BHP Group by 44.7% in the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock valued at $170,274,000 after purchasing an additional 924,202 shares during the last quarter. Fisher Asset Management LLC lifted its stake in shares of BHP Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after purchasing an additional 589,317 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of BHP Group by 6,529.2% in the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after purchasing an additional 457,760 shares during the last quarter. Finally, Natixis Advisors L.P. lifted its stake in shares of BHP Group by 128.4% in the 4th quarter. Natixis Advisors L.P. now owns 444,702 shares of the mining company’s stock valued at $30,376,000 after purchasing an additional 249,991 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $59.63 on Friday. The firm’s 50-day moving average is $58.06 and its 200-day moving average is $60.34. BHP Group Limited has a 52-week low of $54.28 and a 52-week high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on BHP. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. StockNews.com downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Wednesday, February 21st. Finally, Citigroup upgraded shares of BHP Group from a “neutral” rating to a “buy” rating in a report on Thursday, March 14th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.00.

BHP Group 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.