Ovata Capital Management Ltd Buys 23,500 Shares of BHP Group Limited Sponsored ADR $BHP

Ovata Capital Management Ltd raised its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 103.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,187 shares of the mining company’s stock after buying an additional 23,500 shares during the period. BHP Group accounts for approximately 0.5% of Ovata Capital Management Ltd’s portfolio, making the stock its 25th biggest holding. Ovata Capital Management Ltd’s holdings in BHP Group were worth $2,806,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC raised its holdings in BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. JFS Wealth Advisors LLC raised its holdings in BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after buying an additional 284 shares in the last quarter. Eagle Bay Advisors LLC bought a new position in BHP Group during the fourth quarter valued at about $39,000. Ameriflex Group Inc. raised its holdings in BHP Group by 100.0% during the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after buying an additional 359 shares in the last quarter. Finally, Cary Street Partners Financial LLC bought a new position in BHP Group during the third quarter valued at about $43,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on BHP. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Sanford C. Bernstein cut their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. Argus set a $95.00 price target on BHP Group in a research report on Monday, April 27th. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Monday, April 20th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, BHP Group has an average rating of “Hold” and a consensus target price of $62.33.

BHP Group Price Performance

BHP stock opened at $88.84 on Friday. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.70. The business’s 50-day simple moving average is $80.91 and its 200 day simple moving average is $71.21. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

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.