SouthState Bank Corp Boosts Stock Position in BHP Group Limited Sponsored ADR $BHP

SouthState Bank Corp lifted its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 22.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,198 shares of the mining company’s stock after acquiring an additional 6,837 shares during the period. SouthState Bank Corp’s holdings in BHP Group were worth $2,706,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bayban bought a new stake in shares of BHP Group during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in BHP Group in the 4th quarter worth about $26,000. Garton & Associates Financial Advisors LLC bought a new position in BHP Group in the 4th quarter worth about $26,000. Sound Income Strategies LLC grew its holdings in BHP Group by 222.1% during the 4th 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. Finally, Whipplewood Advisors LLC grew its holdings in BHP Group by 8,320.0% during the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after buying an additional 416 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on BHP shares. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. DZ Bank raised shares of BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. Finally, Bank of America cut their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

BHP Group Trading Up 1.4%

Shares of NYSE:BHP opened at $85.56 on Thursday. The company’s fifty day moving average price is $85.44 and its 200-day moving average price is $76.72. BHP Group Limited Sponsored ADR has a one year low of $49.68 and a one year high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

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.