Frank Rimerman Advisors LLC Acquires 7,010 Shares of BHP Group Limited Sponsored ADR $BHP

Frank Rimerman Advisors LLC boosted its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 23.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 36,846 shares of the mining company’s stock after buying an additional 7,010 shares during the period. Frank Rimerman Advisors LLC’s holdings in BHP Group were worth $1,772,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Costello Asset Management INC bought a new stake in shares of BHP Group during the first quarter worth $26,000. Hilltop National Bank bought a new stake in BHP Group in the 2nd quarter valued at $32,000. NewSquare Capital LLC boosted its stake in BHP Group by 249.8% in the 2nd quarter. NewSquare Capital LLC now owns 871 shares of the mining company’s stock worth $42,000 after purchasing an additional 622 shares during the period. Bell Investment Advisors Inc increased its holdings in BHP Group by 1,062.5% during the 2nd quarter. Bell Investment Advisors Inc now owns 1,023 shares of the mining company’s stock worth $49,000 after purchasing an additional 935 shares in the last quarter. Finally, MTM Investment Management LLC bought a new position in BHP Group during the 2nd quarter worth about $52,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analysts Set New Price Targets

BHP has been the topic of a number of research reports. Berenberg Bank restated a “sell” rating and issued a $44.00 price target on shares of BHP Group in a report on Thursday, July 24th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Wednesday, August 20th. Finally, BMO Capital Markets cut shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Sunday, July 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.50.

BHP Group Trading Down 1.6%

BHP opened at $53.72 on Wednesday. The business’s 50-day simple moving average is $55.28 and its 200 day simple moving average is $52.65. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $58.92. 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 (NYSE:BHP) last posted its quarterly earnings results on Monday, August 18th. The mining company reported $2.00 earnings per share for the quarter, missing the consensus estimate of $2.09 by ($0.09). The business had revenue of $26.23 billion during the quarter, compared to analysts’ expectations of $26.04 billion. As a group, equities research analysts forecast that BHP Group Limited Sponsored ADR will post 4.03 earnings per share for the current fiscal year.

About BHP Group

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.