Willis Investment Counsel Grows Stock Holdings in BHP Group Limited Sponsored ADR $BHP

Willis Investment Counsel lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 10.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 504,207 shares of the mining company’s stock after buying an additional 47,591 shares during the period. BHP Group comprises 1.5% of Willis Investment Counsel’s portfolio, making the stock its 23rd largest holding. Willis Investment Counsel’s holdings in BHP Group were worth $28,110,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the stock. Prime Capital Investment Advisors LLC increased its position in BHP Group by 3.4% during the second quarter. Prime Capital Investment Advisors LLC now owns 5,523 shares of the mining company’s stock valued at $266,000 after acquiring an additional 184 shares during the last quarter. Financial Management Professionals Inc. lifted its position in shares of BHP Group by 3.0% in the third quarter. Financial Management Professionals Inc. now owns 6,418 shares of the mining company’s stock valued at $358,000 after acquiring an additional 185 shares in the last quarter. TT Capital Management LLC grew its stake in BHP Group by 3.5% during the second quarter. TT Capital Management LLC now owns 5,617 shares of the mining company’s stock valued at $270,000 after acquiring an additional 190 shares in the last quarter. Highline Wealth Partners LLC raised its holdings in shares of BHP Group by 1.9% during the 3rd quarter. Highline Wealth Partners LLC now owns 10,387 shares of the mining company’s stock worth $579,000 after acquiring an additional 195 shares in the last quarter. Finally, Sivia Capital Partners LLC raised its position in shares of BHP Group by 4.9% during the 3rd quarter. Sivia Capital Partners LLC now owns 4,486 shares of the mining company’s stock valued at $250,000 after buying an additional 209 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently weighed in on BHP. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 9th. Finally, Argus upgraded BHP Group from a “hold” rating to a “buy” rating and set a $68.00 price target for the company in a research note on Tuesday, December 30th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BHP Group has a consensus rating of “Hold” and an average price target of $56.00.

BHP Group Price Performance

NYSE BHP opened at $69.32 on Friday. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average of $62.91 and a two-hundred day moving average of $57.48. BHP Group Limited Sponsored ADR has a 1-year low of $39.73 and a 1-year high of $74.98.

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.