O Shaughnessy Asset Management LLC raised its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 207,441 shares of the mining company’s stock after purchasing an additional 23,252 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in BHP Group were worth $12,523,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. SIH Partners LLLP boosted its stake in shares of BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after buying an additional 1,677,739 shares during the period. Bank of America Corp DE increased its stake in BHP Group by 25.2% during the 3rd quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after acquiring an additional 697,316 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in BHP Group during the 3rd quarter worth $27,234,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BHP Group by 1,769.3% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after acquiring an additional 439,304 shares in the last quarter. Finally, Norges Bank bought a new position in shares of BHP Group in the fourth quarter worth $25,436,000. 3.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on BHP. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Zacks Research downgraded shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Sanford C. Bernstein cut their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating on shares of BHP Group in a report on Friday, May 15th. Finally, Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, BHP Group has an average rating of “Hold” and an average target price of $62.33.
BHP Group Stock Performance
Shares of BHP Group stock opened at $85.05 on Wednesday. The company has a 50 day moving average of $81.78 and a 200-day moving average of $71.84. BHP Group Limited Sponsored ADR has a 1-year low of $45.74 and a 1-year high of $93.70. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44.
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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