BHP Group Limited Sponsored ADR $BHP Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC increased its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 158.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 24,448 shares of the mining company’s stock after buying an additional 15,000 shares during the period. Farther Finance Advisors LLC’s holdings in BHP Group were worth $1,363,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Caldwell Trust Co acquired a new stake in BHP Group during the second quarter worth about $31,000. Hilltop National Bank purchased a new stake in shares of BHP Group during the 2nd quarter worth about $32,000. NewSquare Capital LLC increased its position in BHP Group by 249.8% during the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after purchasing an additional 622 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in BHP Group during the 2nd quarter worth approximately $44,000. Finally, Bell Investment Advisors Inc raised its holdings in BHP Group by 1,062.5% in the second quarter. Bell Investment Advisors Inc now owns 1,023 shares of the mining company’s stock valued at $49,000 after buying an additional 935 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Price Performance

Shares of BHP stock opened at $61.86 on Friday. The firm has a fifty day simple moving average of $56.92 and a 200-day simple moving average of $54.23. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $62.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

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.