Pacific Heights Asset Management LLC lifted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 21.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 425,000 shares of the mining company’s stock after buying an additional 75,000 shares during the period. Pacific Heights Asset Management LLC’s holdings in BHP Group were worth $25,657,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the stock. Sound Income Strategies LLC increased its position in shares of BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares during the last quarter. JFS Wealth Advisors LLC boosted its position in BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after purchasing an additional 284 shares during the last quarter. Eagle Bay Advisors LLC bought a new position in BHP Group in the fourth quarter valued at approximately $39,000. Ameriflex Group Inc. grew its stake in BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after purchasing an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of BHP Group during the 3rd quarter worth approximately $43,000. Institutional investors own 3.79% of the company’s stock.
BHP Group Stock Performance
NYSE BHP opened at $84.40 on Monday. 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 50-day moving average of $76.24 and a 200-day moving average of $68.15. BHP Group Limited Sponsored ADR has a 52-week low of $45.74 and a 52-week high of $91.45.
BHP Group Announces Dividend
Analyst Upgrades and Downgrades
Several equities research analysts have recently commented on the company. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Monday, April 13th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research note on Friday. Finally, Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $62.33.
Read Our Latest Stock Analysis on BHP
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.
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