BHP Group Limited Sponsored ADR $BHP Shares Bought by QRG Capital Management Inc.

QRG Capital Management Inc. grew its stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 27.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 171,764 shares of the mining company’s stock after purchasing an additional 37,431 shares during the period. QRG Capital Management Inc.’s holdings in BHP Group were worth $12,494,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Oxbow Advisors LLC boosted its holdings in BHP Group by 6.0% during the first quarter. Oxbow Advisors LLC now owns 127,211 shares of the mining company’s stock worth $9,253,000 after buying an additional 7,237 shares in the last quarter. Burford Brothers Inc. increased its holdings in BHP Group by 4.6% in the first quarter. Burford Brothers Inc. now owns 12,628 shares of the mining company’s stock valued at $919,000 after buying an additional 551 shares in the last quarter. HB Wealth Management LLC increased its holdings in BHP Group by 29.6% in the first quarter. HB Wealth Management LLC now owns 8,034 shares of the mining company’s stock valued at $584,000 after buying an additional 1,834 shares in the last quarter. Moran Wealth Management LLC lifted its position in shares of BHP Group by 9.7% during the 1st quarter. Moran Wealth Management LLC now owns 151,956 shares of the mining company’s stock valued at $11,053,000 after acquiring an additional 13,499 shares during the period. Finally, Elevation Point Wealth Partners LLC acquired a new stake in shares of BHP Group during the 1st quarter valued at approximately $221,000. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Up 0.0%

BHP stock 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’s 50 day simple moving average is $85.09 and its 200-day simple moving average is $75.37. BHP Group Limited Sponsored ADR has a 12 month low of $49.23 and a 12 month high of $93.83.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on BHP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of BHP Group in a report on Thursday. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Sanford C. Bernstein lowered their target price on BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Finally, Citigroup reaffirmed a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Two 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, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.