Callahan Advisors LLC Has $2.67 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Callahan Advisors LLC decreased its stake in BHP Group Limited (NYSE:BHP) by 5.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 54,613 shares of the mining company’s stock after selling 3,099 shares during the period. Callahan Advisors LLC’s holdings in BHP Group were worth $2,667,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Bleakley Financial Group LLC boosted its holdings in BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after acquiring an additional 203 shares in the last quarter. Huntington National Bank boosted its holdings in BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after acquiring an additional 203 shares in the last quarter. Essex Savings Bank boosted its holdings in BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after acquiring an additional 219 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its holdings in BHP Group by 2.8% in the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock worth $506,000 after acquiring an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after acquiring an additional 263 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Down 0.5 %

Shares of BHP Group stock opened at $51.57 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business has a 50 day moving average price of $49.89 and a 200-day moving average price of $53.19. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21.

Wall Street Analysts Forecast Growth

BHP has been the subject of several analyst reports. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group lowered their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $53.00.

About BHP Group

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.