QRG Capital Management Inc. Boosts Stock Position in BHP Group Limited Sponsored ADR $BHP

QRG Capital Management Inc. boosted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 27.9% in the 1st quarter, HoldingsChannel reports. The firm owned 171,764 shares of the mining company’s stock after purchasing an additional 37,431 shares during the period. QRG Capital Management Inc.’s holdings in BHP Group were worth $12,494,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bayban acquired a new stake in shares of BHP Group during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC lifted its stake in shares of BHP Group by 222.1% during the fourth 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 during the period. Finally, Eagle Bay Advisors LLC purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $39,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

NYSE BHP opened at $83.34 on Friday. BHP Group Limited Sponsored ADR has a 12 month low of $49.23 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 company has a 50-day moving average of $85.09 and a 200-day moving average of $75.37.

Analyst Ratings Changes

BHP has been the topic of a number of analyst reports. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a report on Thursday. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.