Atlas Capital Advisors Inc. Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Atlas Capital Advisors Inc. bought a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 10,370 shares of the mining company’s stock, valued at approximately $626,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Hilton Head Capital Partners LLC acquired a new position in BHP Group during the 4th quarter worth approximately $26,000. Sound Income Strategies LLC increased its position in BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after purchasing an additional 291 shares during the period. JFS Wealth Advisors LLC increased its position in BHP Group by 68.9% during the 3rd quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares during the period. Eagle Bay Advisors LLC acquired a new position in BHP Group during the 4th quarter worth approximately $39,000. Finally, Ameriflex Group Inc. increased its position in BHP Group by 100.0% during the 3rd quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after purchasing an additional 359 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 0.1%

Shares of NYSE:BHP opened at $90.90 on Monday. BHP Group Limited Sponsored ADR has a 12 month low of $45.74 and a 12 month high of $93.70. 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 business’s 50 day simple moving average is $82.72 and its 200-day simple moving average is $72.57.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on BHP. Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a research note on Friday, May 15th. Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Sanford C. Bernstein decreased 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. Argus set a $95.00 price target on BHP Group in a research note on Monday, April 27th. Finally, DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of “Hold” and an average price target of $62.33.

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.