Intrepid Family Office LLC Acquires Shares of 25,000 BHP Group Limited Sponsored ADR $BHP

Intrepid Family Office LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 25,000 shares of the mining company’s stock, valued at approximately $1,202,000. BHP Group accounts for about 1.0% of Intrepid Family Office LLC’s holdings, making the stock its 22nd biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Hilltop National Bank acquired a new position in BHP Group in the second quarter valued at approximately $32,000. NewSquare Capital LLC grew its stake in shares of BHP Group by 249.8% during 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. AlphaCore Capital LLC purchased a new position in shares of BHP Group during the 2nd quarter valued at approximately $44,000. Bell Investment Advisors Inc lifted its stake in shares of BHP Group by 1,062.5% in the 2nd quarter. Bell Investment Advisors Inc now owns 1,023 shares of the mining company’s stock valued at $49,000 after purchasing an additional 935 shares during the period. Finally, MTM Investment Management LLC purchased a new stake in BHP Group during the second quarter worth $52,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Down 0.8%

BHP opened at $58.38 on Tuesday. The firm’s fifty day simple moving average is $55.70 and its two-hundred day simple moving average is $53.23. BHP Group Limited Sponsored ADR has a 52-week low of $39.73 and a 52-week high of $59.86. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on BHP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of BHP Group in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $48.50.

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.