Foundations Investment Advisors LLC Acquires Shares of 207,331 BHP Group Limited Sponsored ADR $BHP

Foundations Investment Advisors LLC acquired a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 207,331 shares of the mining company’s stock, valued at approximately $12,517,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Sound Income Strategies LLC grew its stake in shares of BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after acquiring an additional 291 shares in the last quarter. Eagle Bay Advisors LLC acquired a new position in shares of BHP Group in the fourth quarter valued at about $39,000. JFS Wealth Advisors LLC grew its stake in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock valued at $39,000 after acquiring an additional 284 shares in the last quarter. Ameriflex Group Inc. grew its stake in shares of BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company’s stock valued at $40,000 after acquiring an additional 359 shares in the last quarter. Finally, Addison Advisors LLC grew its stake in shares of BHP Group by 31.8% in the fourth quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after acquiring an additional 181 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wall Street Zen upgraded shares of BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Sanford C. Bernstein decreased their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research note on Monday, March 9th. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Argus set a $95.00 price target on shares of BHP Group in a research note on Monday, April 27th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $62.33.

BHP Group Stock Performance

BHP stock opened at $87.88 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. BHP Group Limited Sponsored ADR has a 12 month low of $45.74 and a 12 month high of $91.45. The firm has a 50-day moving average price of $78.26 and a 200-day moving average price of $69.75.

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.