Forum Financial Management LP Boosts Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Forum Financial Management LP raised its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 75,967 shares of the mining company’s stock after acquiring an additional 9,028 shares during the quarter. Forum Financial Management LP’s holdings in BHP Group were worth $4,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in BHP. Fisher Asset Management LLC lifted its position in shares of BHP Group by 1.9% during the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock valued at $1,098,484,000 after buying an additional 429,330 shares during the last quarter. Kingstone Capital Partners Texas LLC bought a new stake in BHP Group in the 2nd quarter valued at about $68,953,000. American Century Companies Inc. lifted its holdings in BHP Group by 14.2% during the second quarter. American Century Companies Inc. now owns 778,244 shares of the mining company’s stock valued at $37,426,000 after purchasing an additional 96,585 shares during the last quarter. Townsend & Associates Inc boosted its position in BHP Group by 2.9% during the third quarter. Townsend & Associates Inc now owns 617,773 shares of the mining company’s stock worth $34,342,000 after purchasing an additional 17,198 shares during the period. Finally, Willis Investment Counsel boosted its position in BHP Group by 11.1% during the second quarter. Willis Investment Counsel now owns 456,616 shares of the mining company’s stock worth $21,959,000 after purchasing an additional 45,486 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

BHP has been the topic of a number of recent research reports. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 9th. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Tuesday, December 30th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $56.00.

BHP Group Price Performance

NYSE BHP opened at $61.72 on Friday. The company’s 50 day simple moving average is $58.02 and its two-hundred day simple moving average is $55.20. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $65.09.

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.