Forum Financial Management LP Has $4.24 Million Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Forum Financial Management LP raised its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 13.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 75,967 shares of the mining company’s stock after buying an additional 9,028 shares during the period. Forum Financial Management LP’s holdings in BHP Group were worth $4,235,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Caldwell Trust Co acquired a new stake in shares of BHP Group in the 2nd quarter worth about $31,000. Hilltop National Bank purchased a new stake in shares of BHP Group in the second quarter worth approximately $32,000. Salomon & Ludwin LLC lifted its holdings in shares of BHP Group by 3,040.9% in the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company’s stock valued at $38,000 after purchasing an additional 669 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of BHP Group by 249.8% during the second quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock valued at $42,000 after buying an additional 622 shares during the last quarter. Finally, True Wealth Design LLC boosted its position in shares of BHP Group by 229.7% during the third quarter. True Wealth Design LLC now owns 755 shares of the mining company’s stock valued at $42,000 after buying an additional 526 shares during the last quarter. 3.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a report on Tuesday, December 30th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $56.00.

BHP Group Stock Down 2.0%

NYSE BHP opened at $61.72 on Friday. The business’s fifty day moving average is $58.02 and its 200-day moving average is $55.20. The company has a current ratio of 1.46, a quick ratio of 1.11 and a debt-to-equity ratio of 0.43. BHP Group Limited Sponsored ADR has a one year low of $39.73 and a one year high of $65.09.

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.