Intrepid Family Office LLC Invests $1.20 Million in BHP Group Limited Sponsored ADR $BHP

Intrepid Family Office LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 25,000 shares of the mining company’s stock, valued at approximately $1,202,000. BHP Group accounts for about 1.0% of Intrepid Family Office LLC’s portfolio, making the stock its 22nd biggest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fisher Asset Management LLC boosted its stake in 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 worth $1,098,484,000 after purchasing an additional 429,330 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of BHP Group by 1.2% in the first quarter. Wellington Management Group LLP now owns 5,579,061 shares of the mining company’s stock worth $270,808,000 after buying an additional 63,641 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of BHP Group by 43.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after buying an additional 1,490,012 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in BHP Group during the second quarter worth about $68,953,000. Finally, Royal Bank of Canada grew its stake in BHP Group by 2.8% during the 1st quarter. Royal Bank of Canada now owns 1,149,201 shares of the mining company’s stock valued at $55,781,000 after acquiring an additional 30,980 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of NYSE BHP opened at $58.38 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46. The company has a 50 day simple moving average of $55.70 and a 200-day simple moving average of $53.23. BHP Group Limited Sponsored ADR has a 1 year low of $39.73 and a 1 year high of $59.86.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of $48.50.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.