Cibc World Market Inc. Buys 127,399 Shares of BHP Group Limited Sponsored ADR $BHP

Cibc World Market Inc. lifted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 224.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 184,200 shares of the mining company’s stock after purchasing an additional 127,399 shares during the quarter. Cibc World Market Inc.’s holdings in BHP Group were worth $11,120,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bailard Inc. grew its position in BHP Group by 1.4% during the fourth quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after buying an additional 174 shares in the last quarter. Addison Advisors LLC grew its position in BHP Group by 31.8% during the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock worth $45,000 after buying an additional 181 shares in the last quarter. Naviter Wealth LLC grew its position in BHP Group by 0.4% during the third quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock worth $2,827,000 after buying an additional 191 shares in the last quarter. Abel Hall LLC grew its position in BHP Group by 2.9% during the third quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock worth $416,000 after buying an additional 209 shares in the last quarter. Finally, Mutual Advisors LLC grew its position in BHP Group by 3.0% during the third quarter. Mutual Advisors LLC now owns 7,371 shares of the mining company’s stock worth $408,000 after buying an additional 216 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BHP has been the subject of several recent analyst reports. Bank of America cut BHP Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. Argus set a $95.00 target price on BHP Group in a research report on Monday, April 27th. Sanford C. Bernstein cut their price objective on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a report on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, BHP Group has a consensus rating of “Hold” and a consensus target price of $62.33.

BHP Group Price Performance

BHP opened at $82.59 on Friday. The stock has a 50-day moving average price of $81.16 and a 200-day moving average price of $71.29. 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 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.