Virtu Financial LLC Takes Position in BHP Group Limited Sponsored ADR $BHP

Virtu Financial LLC purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 10,191 shares of the mining company’s stock, valued at approximately $615,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Parallel Advisors LLC grew its holdings in BHP Group by 1.3% during the fourth quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock valued at $727,000 after purchasing an additional 150 shares during the period. Bailard Inc. raised its holdings in BHP Group by 1.4% in the fourth quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock worth $748,000 after purchasing an additional 174 shares during the period. Addison Advisors LLC boosted 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 worth $45,000 after purchasing an additional 181 shares in the last quarter. AlTi Global Inc. boosted its position in shares of BHP Group by 5.3% during the fourth quarter. AlTi Global Inc. now owns 3,976 shares of the mining company’s stock worth $240,000 after purchasing an additional 200 shares in the last quarter. Finally, Abel Hall LLC grew its holdings in shares of BHP Group by 2.9% in the 3rd quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock valued at $416,000 after buying an additional 209 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on BHP shares. Argus set a $95.00 price objective on shares of BHP Group in a research report on Monday, April 27th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Zacks Research cut BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a report on Friday, May 15th. Finally, The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. One investment 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. According to data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $69.50.

BHP Group Trading Down 2.5%

BHP Group stock opened at $85.71 on Tuesday. The company has a 50 day moving average of $84.53 and a 200-day moving average of $74.03. 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 Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.83.

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.