Foundations Investment Advisors LLC Invests $12.52 Million in BHP Group Limited Sponsored ADR $BHP

Foundations Investment Advisors LLC acquired a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 207,331 shares of the mining company’s stock, valued at approximately $12,517,000.

A number of other institutional investors have also made changes to their positions in BHP. Sound Income Strategies LLC lifted its position 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 worth $27,000 after purchasing an additional 291 shares in the last quarter. JFS Wealth Advisors LLC lifted its position in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of BHP Group in the fourth quarter worth $39,000. Ameriflex Group Inc. lifted its position in shares of BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after purchasing an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new stake in shares of BHP Group in the third quarter worth $43,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Monday, April 13th. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Argus set a $95.00 price objective on shares of BHP Group in a research report on Monday, April 27th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Up 1.6%

NYSE:BHP opened at $87.88 on Thursday. BHP Group Limited Sponsored ADR has a one year low of $45.74 and a one year high of $91.45. The firm’s fifty day moving average price is $78.26 and its two-hundred day moving average price is $69.75. 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.