Sivia Capital Partners LLC grew its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP – Free Report) by 132.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 10,441 shares of the mining company’s stock after acquiring an additional 5,955 shares during the period. Sivia Capital Partners LLC’s holdings in BHP Group were worth $630,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC grew its holdings in shares of BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares during the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of BHP Group during the fourth quarter valued at about $39,000. JFS Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 284 shares during the last quarter. Ameriflex Group Inc. grew its holdings in shares of BHP Group by 100.0% during the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after buying an additional 359 shares during the last quarter. Finally, Addison Advisors LLC grew its holdings in shares of BHP Group by 31.8% during the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after buying an additional 181 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
BHP has been the subject of a number of analyst reports. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. Sanford C. Bernstein dropped their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. Finally, Argus set a $95.00 price target on shares of BHP Group in a research report on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.33.
BHP Group Stock Down 2.2%
BHP opened at $88.84 on Friday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The company’s 50-day moving average is $80.91 and its 200 day moving average is $71.21. BHP Group Limited Sponsored ADR has a fifty-two week low of $45.74 and a fifty-two week high of $93.70.
About BHP Group
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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