Community Bank N.A. Reduces Stake in BHP Group Ltd (NYSE:BHP)

Community Bank N.A. reduced its stake in shares of BHP Group Ltd (NYSE:BHP) by 1.4% in the second quarter, Holdings Channel reports. The fund owned 14,300 shares of the mining company’s stock after selling 200 shares during the quarter. Community Bank N.A.’s holdings in BHP Group were worth $711,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Solstein Capital LLC purchased a new position in BHP Group in the first quarter valued at approximately $34,000. CWM Advisors LLC bought a new stake in shares of BHP Group in the first quarter valued at $61,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of BHP Group by 19.3% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 1,889 shares of the mining company’s stock valued at $69,000 after buying an additional 305 shares during the last quarter. Harbor Investment Advisory LLC grew its stake in shares of BHP Group by 220,800.0% during the 1st quarter. Harbor Investment Advisory LLC now owns 2,209 shares of the mining company’s stock worth $81,000 after acquiring an additional 2,208 shares during the period. Finally, Toronto Dominion Bank increased its holdings in BHP Group by 22.6% in the 1st quarter. Toronto Dominion Bank now owns 2,268 shares of the mining company’s stock worth $84,000 after acquiring an additional 418 shares during the last quarter. Institutional investors own 4.22% of the company’s stock.

BHP has been the subject of a number of research reports. Bank of America upgraded shares of BHP Group from an “underperform” rating to a “buy” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of BHP Group in a research note on Wednesday, July 22nd. Royal Bank of Canada reissued an “outperform” rating on shares of BHP Group in a report on Friday, July 24th. Citigroup cut BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, July 21st. Finally, ValuEngine upgraded BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. BHP Group currently has a consensus rating of “Hold” and a consensus price target of $58.00.

Shares of BHP stock traded down $0.31 on Friday, reaching $52.84. The company’s stock had a trading volume of 1,643,900 shares, compared to its average volume of 1,967,307. BHP Group Ltd has a 12-month low of $29.78 and a 12-month high of $56.78. The stock’s 50 day simple moving average is $50.77 and its 200-day simple moving average is $46.06. The company has a current ratio of 1.62, a quick ratio of 1.33 and a debt-to-equity ratio of 0.43.

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:BHP)

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