SouthState Bank Corp Purchases 6,837 Shares of BHP Group Limited Sponsored ADR $BHP

SouthState Bank Corp raised its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 22.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,198 shares of the mining company’s stock after purchasing an additional 6,837 shares during the quarter. SouthState Bank Corp’s holdings in BHP Group were worth $2,706,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of BHP. Main Street Research LLC purchased a new position in shares of BHP Group in the 1st quarter worth approximately $37,767,000. Abbington Investment Group grew its holdings in shares of BHP Group by 45.6% in the fourth quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock valued at $4,183,000 after acquiring an additional 21,700 shares in the last quarter. SG Americas Securities LLC increased its position in shares of BHP Group by 442.2% during the fourth quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock valued at $8,637,000 after acquiring an additional 116,681 shares during the last quarter. Ferguson Wellman Capital Management Inc. bought a new stake in BHP Group during the first quarter worth $18,591,000. Finally, Shrier Wealth Management LLC bought a new stake in BHP Group during the fourth quarter worth $2,630,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BHP. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.50.

BHP Group Stock Performance

Shares of BHP opened at $85.56 on Thursday. BHP Group Limited Sponsored ADR has a fifty-two week low of $49.68 and a fifty-two week high of $93.83. The business has a 50-day moving average of $85.44 and a 200 day moving average of $76.72. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28.

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.