Independent Financial Group LLC purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,217 shares of the mining company’s stock, valued at approximately $525,000.
A number of other institutional investors have also added to or reduced their stakes in the company. Bayban bought a new position in shares of BHP Group during the 4th quarter worth approximately $25,000. Whipplewood Advisors LLC grew its holdings in shares of BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after acquiring an additional 416 shares in the last quarter. Sound Income Strategies LLC grew its holdings 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 in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at approximately $26,000. Finally, Garton & Associates Financial Advisors LLC purchased a new stake in shares of BHP Group during the fourth quarter valued at approximately $26,000. 3.79% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research analysts have issued reports on the company. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Zacks Research upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Bank of America cut their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Monday, June 22nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $78.00.
BHP Group Trading Down 1.2%
BHP Group stock opened at $83.56 on Friday. The business’s 50 day simple moving average is $84.85 and its 200 day simple moving average is $77.62. BHP Group Limited Sponsored ADR has a 12 month low of $49.68 and a 12 month high of $93.83. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.
BHP Group Company 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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