Icon Advisers Inc. Co. Acquires 19,000 Shares of BHP Group Limited Sponsored ADR $BHP

Icon Advisers Inc. Co. boosted its holdings in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 47.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 59,000 shares of the mining company’s stock after buying an additional 19,000 shares during the quarter. BHP Group makes up approximately 1.0% of Icon Advisers Inc. Co.’s investment portfolio, making the stock its 28th biggest holding. Icon Advisers Inc. Co.’s holdings in BHP Group were worth $4,292,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BHP. AQR Capital Management LLC increased its holdings in shares of BHP Group by 230.0% in the 1st quarter. AQR Capital Management LLC now owns 31,852 shares of the mining company’s stock valued at $1,546,000 after acquiring an additional 22,201 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of BHP Group by 20.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,594 shares of the mining company’s stock worth $660,000 after purchasing an additional 2,331 shares during the last quarter. Invesco Ltd. lifted its stake in shares of BHP Group by 99.6% during the 2nd quarter. Invesco Ltd. now owns 12,506 shares of the mining company’s stock worth $601,000 after purchasing an additional 6,241 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in BHP Group by 173.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,774 shares of the mining company’s stock valued at $182,000 after purchasing an additional 2,395 shares in the last quarter. Finally, Guggenheim Capital LLC boosted its position in BHP Group by 13.0% during the second quarter. Guggenheim Capital LLC now owns 16,692 shares of the mining company’s stock valued at $803,000 after purchasing an additional 1,917 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. Argus set a $95.00 price objective on shares of BHP Group in a research report on Monday, April 27th. Finally, Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $69.50.

BHP Group Trading Up 1.4%

BHP stock opened at $84.61 on Thursday. BHP Group Limited Sponsored ADR has a one year low of $49.68 and a one year high of $93.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The firm’s fifty day moving average is $84.95 and its 200 day moving average is $77.47.

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.