Primoris Wealth Advisors LLC Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Primoris Wealth Advisors LLC bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 23,000 shares of the mining company’s stock, valued at approximately $1,389,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Naviter Wealth LLC boosted its holdings in shares of BHP Group by 0.4% in the 3rd quarter. Naviter Wealth LLC now owns 50,715 shares of the mining company’s stock worth $2,827,000 after purchasing an additional 191 shares in the last quarter. Abel Hall LLC boosted its holdings in shares of BHP Group by 2.9% in the 3rd quarter. Abel Hall LLC now owns 7,466 shares of the mining company’s stock worth $416,000 after purchasing an additional 209 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of BHP Group by 3.0% in the 3rd quarter. Mutual Advisors LLC now owns 7,371 shares of the mining company’s stock worth $408,000 after purchasing an additional 216 shares in the last quarter. Burford Brothers Inc. boosted its holdings in shares of BHP Group by 1.8% in the 3rd quarter. Burford Brothers Inc. now owns 12,107 shares of the mining company’s stock worth $675,000 after purchasing an additional 219 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of BHP Group by 16.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 1,628 shares of the mining company’s stock worth $98,000 after purchasing an additional 228 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

BHP has been the subject of several analyst reports. Sanford C. Bernstein dropped their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a report on Monday, March 9th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, April 13th. Argus set a $95.00 target price on BHP Group in a report on Monday, April 27th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Zacks Research cut BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Hold” and an average target price of $62.33.

BHP Group Stock Performance

BHP opened at $77.89 on Tuesday. The business has a 50 day simple moving average of $75.18 and a two-hundred day simple moving average of $66.27. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a one year low of $45.74 and a one year high of $83.21.

BHP Group Dividend Announcement

The company also recently announced a dividend, which was paid on Thursday, March 26th. Stockholders of record on Friday, March 6th were given a $1.46 dividend. The ex-dividend date of this dividend was Friday, March 6th. This represents a dividend yield of 399.0%.

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.