BHP Group Limited Sponsored ADR $BHP Shares Purchased by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co boosted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 23.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 94,008 shares of the mining company’s stock after buying an additional 17,800 shares during the quarter. PKO Investment Management Joint Stock Co’s holdings in BHP Group were worth $6,838,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. True Vision MN LLC acquired a new stake in shares of BHP Group during the 1st quarter valued at $714,000. Evolve Private Wealth LLC acquired a new position in shares of BHP Group in the 1st quarter worth $334,000. Connective Portfolio Management LLC acquired a new position in shares of BHP Group in the 1st quarter worth $1,455,000. Rockefeller Capital Management L.P. raised its position in shares of BHP Group by 36.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 417,845 shares of the mining company’s stock worth $25,225,000 after purchasing an additional 111,967 shares during the period. Finally, Larry Mathis Financial Planning LLC acquired a new stake in shares of BHP Group during the fourth quarter worth $510,000. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Argus set a $95.00 price objective on shares of BHP Group in a research note on Monday, April 27th. Bank of America decreased their target price on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a 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 assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $69.50.

BHP Group Trading Down 2.5%

Shares of BHP Group stock opened at $85.71 on Tuesday. BHP Group Limited Sponsored ADR has a 12 month low of $45.74 and a 12 month high of $93.83. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $84.53 and a 200-day simple moving average of $74.03.

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.