Moran Wealth Management LLC Grows Position in BHP Group Limited Sponsored ADR $BHP

Moran Wealth Management LLC boosted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 9.7% during the 1st quarter, Holdings Channel reports. The fund owned 151,956 shares of the mining company’s stock after buying an additional 13,499 shares during the period. Moran Wealth Management LLC’s holdings in BHP Group were worth $11,053,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BHP. Bayban bought a new stake in shares of BHP Group in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of BHP Group in the 4th quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BHP Group during the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC boosted 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 purchasing an additional 291 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at approximately $39,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently commented on BHP. Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, Bank of America decreased their price objective on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research note on Monday, June 22nd. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, BHP Group has an average rating of “Moderate Buy” and an average price target of $69.50.

BHP Group Stock Performance

NYSE BHP opened at $83.34 on Friday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. The company has a 50 day moving average price of $85.09 and a 200 day moving average price of $75.37. BHP Group Limited Sponsored ADR has a 52 week low of $49.23 and a 52 week high of $93.83.

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.