BHP Group Limited Sponsored ADR $BHP Shares Acquired by Holowesko Partners Ltd.

Holowesko Partners Ltd. increased its stake in BHP Group Limited Sponsored ADR (NYSE:BHP) by 27.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 116,800 shares of the mining company’s stock after buying an additional 24,900 shares during the period. BHP Group makes up approximately 2.5% of Holowesko Partners Ltd.’s holdings, making the stock its 13th biggest position. Holowesko Partners Ltd.’s holdings in BHP Group were worth $7,051,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its holdings in shares of BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of BHP Group in the 4th quarter worth $26,000. Eagle Bay Advisors LLC acquired a new position in shares of BHP Group in the 4th quarter worth $39,000. JFS Wealth Advisors LLC boosted its position in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after buying an additional 284 shares during the period. Finally, Ameriflex Group Inc. boosted its position in shares of BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock worth $40,000 after buying an additional 359 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on BHP shares. Sanford C. Bernstein decreased their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating for the company in a research report on Monday, March 9th. Zacks Research cut BHP Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 20th. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research report on Monday, April 13th. DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Argus set a $95.00 target price on BHP Group in a research report on Monday, April 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.33.

BHP Group Stock Performance

BHP opened at $82.59 on Monday. BHP Group Limited Sponsored ADR has a 1 year low of $45.74 and a 1 year high of $93.70. 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 has a fifty day moving average price of $81.16 and a 200 day moving average price of $71.41.

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.