33,096 Shares in BHP Group Limited Sponsored ADR $BHP Bought by MidFirst Bank

MidFirst Bank acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 33,096 shares of the mining company’s stock, valued at approximately $1,987,000.

Other institutional investors also recently bought and sold shares of the company. DGS Capital Management LLC increased its position in shares of BHP Group by 5.8% during the 4th quarter. DGS Capital Management LLC now owns 23,361 shares of the mining company’s stock valued at $1,410,000 after purchasing an additional 1,280 shares during the last quarter. Walser Wealth Management Company A Ltd Liability Co bought a new stake in BHP Group during the fourth quarter valued at approximately $217,000. Virtu Financial LLC bought a new stake in BHP Group during the fourth quarter valued at approximately $615,000. Compound Planning Inc. increased its holdings in BHP Group by 18.8% during the fourth quarter. Compound Planning Inc. now owns 31,493 shares of the mining company’s stock valued at $1,901,000 after buying an additional 4,987 shares during the last quarter. Finally, Rare Wolf Capital LLC purchased a new stake in BHP Group during the fourth quarter valued at approximately $598,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Price Performance

BHP opened at $88.08 on Friday. The company has a 50 day simple moving average of $84.14 and a two-hundred day simple moving average of $73.59. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 1-year low of $45.74 and a 1-year high of $93.83.

Trending Headlines about BHP Group

Here are the key news stories impacting BHP Group this week:

• Negative Sentiment: BHP said Jansen Stage 2 will cost about $2 billion more than previously expected, forcing it to book a $2.3 billion charge as higher costs and extra labor hours push out first production. Reuters article: BHP flags cost overrun at Jansen potash project, to book $2.3 billion charge
• Neutral Sentiment: Earlier coverage echoed the same update, with multiple outlets reporting the Jansen cost overrun and the size of the write-down, reinforcing concerns that project inflation is still hitting the miner. Bloomberg article: BHP Takes $2.3 Billion Potash Charge as Costs Jump Again
• Neutral Sentiment: BHP also reportedly is preparing to sell Chile power transmission lines as it focuses more on copper mining there, a potential portfolio reshaping move that could support longer-term strategy but is not the main driver today. Reuters article: BHP readies $1.5 billion Chile power transmission line sale, Diario Financiero reports

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Citigroup restated a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Sanford C. Bernstein decreased 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, Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat, BHP Group presently has an average rating of “Hold” and a consensus target price of $62.33.

About BHP Group

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.