BHP Group Limited Sponsored ADR $BHP Stake Boosted by PKO Investment Management Joint Stock Co

PKO Investment Management Joint Stock Co lifted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 23.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 94,008 shares of the mining company’s stock after purchasing 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 filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the stock. AQR Capital Management LLC increased its position in BHP Group by 230.0% in the first quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock worth $1,546,000 after buying an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of BHP Group by 20.7% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock valued at $660,000 after acquiring an additional 2,331 shares during the period. Invesco Ltd. boosted its holdings in shares of BHP Group by 99.6% during the second quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock valued at $601,000 after acquiring an additional 6,241 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of BHP Group by 173.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock worth $182,000 after acquiring an additional 2,395 shares during the last quarter. Finally, Guggenheim Capital LLC grew its position in shares of BHP Group by 13.0% during the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock worth $803,000 after acquiring an additional 1,917 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on BHP shares. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Argus set a $95.00 price target on shares of BHP Group in a research note on Monday, April 27th. Finally, Bank of America cut their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a report on Monday. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $69.50.

BHP Group Stock Performance

BHP opened at $85.71 on Tuesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The stock’s fifty day moving average is $84.53 and its 200-day moving average is $74.03. BHP Group Limited Sponsored ADR has a one year low of $45.74 and a one year high of $93.83.

BHP Group Company 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.