BHP Group Limited Sponsored ADR $BHP Shares Purchased by MQS Management LLC

MQS Management LLC increased its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 133.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,312 shares of the mining company’s stock after purchasing an additional 15,051 shares during the period. BHP Group accounts for about 0.9% of MQS Management LLC’s holdings, making the stock its biggest holding. MQS Management LLC’s holdings in BHP Group were worth $1,588,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. New Millennium Group LLC increased its position in shares of BHP Group by 151.5% during the fourth quarter. New Millennium Group LLC now owns 2,736 shares of the mining company’s stock valued at $165,000 after acquiring an additional 1,648 shares during the last quarter. Cadence Wealth Management LLC increased its position in shares of BHP Group by 2.1% during the fourth quarter. Cadence Wealth Management LLC now owns 16,164 shares of the mining company’s stock valued at $976,000 after acquiring an additional 327 shares during the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of BHP Group during the fourth quarter valued at about $649,000. Addison Advisors LLC increased its position in shares of BHP Group by 31.8% during the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after acquiring an additional 181 shares during the last quarter. Finally, Plan A Wealth LLC increased its position in shares of BHP Group by 4.7% during the fourth quarter. Plan A Wealth LLC now owns 10,058 shares of the mining company’s stock valued at $607,000 after acquiring an additional 456 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Down 0.4%

Shares of BHP stock opened at $84.63 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The company has a 50 day moving average price of $77.28 and a 200 day moving average price of $69.01. BHP Group Limited Sponsored ADR has a fifty-two week low of $45.74 and a fifty-two week high of $91.45.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on BHP. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Monday, April 13th. Argus set a $95.00 price target on shares of BHP Group in a research report on Monday, April 27th. Finally, The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $62.33.

About BHP Group

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.