BHP Group Limited Sponsored ADR $BHP Stock Holdings Increased by Holowesko Partners Ltd.

Holowesko Partners Ltd. raised its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 27.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,800 shares of the mining company’s stock after acquiring an additional 24,900 shares during the period. BHP Group makes up 2.5% of Holowesko Partners Ltd.’s holdings, making the stock its 13th largest position. Holowesko Partners Ltd.’s holdings in BHP Group were worth $7,051,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Parallel Advisors LLC raised its stake in BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after acquiring an additional 150 shares in the last quarter. Bailard Inc. increased its position in shares of BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after purchasing an additional 174 shares during the period. Addison Advisors LLC increased its position in shares of BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after purchasing an additional 181 shares during the period. Naviter Wealth LLC increased its position in shares of BHP Group by 0.4% during the 3rd quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock valued at $2,827,000 after purchasing an additional 191 shares during the period. Finally, Abel Hall LLC increased its position in shares of BHP Group by 2.9% during the 3rd quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock valued at $416,000 after purchasing an additional 209 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of NYSE BHP opened at $82.59 on Monday. 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 stock’s fifty day simple moving average is $81.16 and its 200 day simple moving average is $71.41. BHP Group Limited Sponsored ADR has a 52-week low of $45.74 and a 52-week high of $93.70.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on BHP shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of BHP Group in a research report on Friday, May 15th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Argus set a $95.00 price target on BHP Group in a research report on Monday, April 27th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Bank of America cut BHP Group from a “buy” rating to a “neutral” rating in a research report on Friday, May 22nd. 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. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $62.33.

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.