Bearing Point Capital LLC Purchases 10,999 Shares of BHP Group Limited Sponsored ADR $BHP

Bearing Point Capital LLC boosted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 125,425 shares of the mining company’s stock after purchasing an additional 10,999 shares during the quarter. Bearing Point Capital LLC’s holdings in BHP Group were worth $7,572,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in BHP. SIH Partners LLLP raised its holdings in BHP Group by 937.5% in the third quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock worth $103,511,000 after purchasing an additional 1,677,739 shares in the last quarter. Bank of America Corp DE raised its holdings in BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock worth $193,197,000 after purchasing an additional 697,316 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in BHP Group in the third quarter worth about $27,234,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in BHP Group by 1,769.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock worth $25,875,000 after purchasing an additional 439,304 shares in the last quarter. Finally, Norges Bank bought a new position in BHP Group in the fourth quarter worth about $25,436,000. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Monday, April 13th. Sanford C. Bernstein dropped their price target on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 9th. Finally, Argus set a $95.00 price target on BHP Group in a research note on Monday, April 27th. One investment 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 company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.33.

BHP Group Trading Up 1.3%

Shares of NYSE BHP opened at $88.98 on Friday. The business’s 50 day moving average price is $79.02 and its 200 day moving average price is $70.12. BHP Group Limited Sponsored ADR has a 52 week low of $45.74 and a 52 week high of $91.45. 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 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.