11,261 Shares in BHP Group Limited Sponsored ADR $BHP Purchased by MQS Management LLC

MQS Management LLC purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 11,261 shares of the mining company’s stock, valued at approximately $628,000.

Several other large investors also recently modified their holdings of the stock. Fisher Asset Management LLC raised its holdings in shares of BHP Group by 1.9% in the 2nd quarter. Fisher Asset Management LLC now owns 22,842,252 shares of the mining company’s stock worth $1,098,484,000 after buying an additional 429,330 shares in the last quarter. Norges Bank bought a new stake in BHP Group in the second quarter valued at $20,262,000. Townsend & Associates Inc raised its stake in BHP Group by 66.6% during the second quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock worth $31,921,000 after acquiring an additional 240,075 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of BHP Group by 119.3% during the second quarter. Ameriprise Financial Inc. now owns 424,361 shares of the mining company’s stock valued at $20,408,000 after acquiring an additional 230,848 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in shares of BHP Group by 48.2% during the second quarter. Franklin Resources Inc. now owns 383,043 shares of the mining company’s stock valued at $18,421,000 after acquiring an additional 124,625 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on BHP shares. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 9th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, January 21st. Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a report on Tuesday. Finally, Argus upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $68.00 target price 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 issued a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.00.

BHP Group Trading Up 0.9%

BHP stock opened at $72.32 on Wednesday. The company has a 50 day moving average price of $63.87 and a 200 day moving average price of $57.89. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $74.98. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.11 and a current ratio of 1.46.

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.