First National Bank of Hutchinson Makes New $497,000 Investment in BHP Group Limited Sponsored ADR $BHP

First National Bank of Hutchinson purchased a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) during the first quarter, Holdings Channel reports. The institutional investor purchased 6,833 shares of the mining company’s stock, valued at approximately $497,000.

A number of other institutional investors also recently modified their holdings of the company. Hartford Funds Management Co LLC raised its stake in BHP Group by 2.1% during the first quarter. Hartford Funds Management Co LLC now owns 13,003 shares of the mining company’s stock worth $946,000 after buying an additional 273 shares during the last quarter. Fortress Financial Solutions LLC bought a new stake in BHP Group during the first quarter valued at $230,000. Calamos Wealth Management LLC acquired a new stake in BHP Group during the 1st quarter worth about $224,000. Calamos Advisors LLC acquired a new stake in BHP Group during the 1st quarter worth about $224,000. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its holdings in BHP Group by 15.8% during the 1st quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 14,465 shares of the mining company’s stock worth $1,052,000 after acquiring an additional 1,975 shares during the period. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Up 3.7%

NYSE:BHP opened at $84.40 on Wednesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The firm has a fifty day simple moving average of $85.42 and a two-hundred day simple moving average of $76.54. BHP Group Limited Sponsored ADR has a 12 month low of $49.68 and a 12 month high of $93.83.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of recent analyst reports. Citigroup reissued a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Bank of America dropped their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research note on Monday, June 22nd. Finally, The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

BHP Group Profile

BHP Group is an Anglo-Australian natural resources company engaged principally in the exploration, development, production and marketing of commodities. Its core businesses include the extraction and processing of iron ore, copper, metallurgical and thermal coal, nickel and other minerals. BHP operates large-scale mining and processing assets and supplies raw materials used across steelmaking, energy and industrial supply chains.

The company has a global operating footprint with significant assets and projects in Australia and the Americas, and commercial activities that serve customers worldwide.