Laurel Wealth Advisors LLC Makes New $204,000 Investment in BHP Group Limited Sponsored ADR $BHP

Laurel Wealth Advisors LLC purchased a new stake in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,232 shares of the mining company’s stock, valued at approximately $204,000.

Several other large investors have also modified their holdings of BHP. Goldman Sachs Group Inc. boosted its position in shares of BHP Group by 43.0% in the first quarter. Goldman Sachs Group Inc. now owns 4,951,258 shares of the mining company’s stock worth $240,334,000 after acquiring an additional 1,490,012 shares during the last quarter. Kingstone Capital Partners Texas LLC purchased a new position in BHP Group during the second quarter worth approximately $68,953,000. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of BHP Group by 3,599.1% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 260,935 shares of the mining company’s stock valued at $12,666,000 after purchasing an additional 253,881 shares during the last quarter. Townsend & Associates Inc grew its stake in shares of BHP Group by 66.6% during the 2nd quarter. Townsend & Associates Inc now owns 600,575 shares of the mining company’s stock valued at $31,921,000 after buying an additional 240,075 shares during the period. Finally, Citigroup Inc. grew its stake in shares of BHP Group by 94.9% during the 1st quarter. Citigroup Inc. now owns 422,239 shares of the mining company’s stock valued at $20,495,000 after buying an additional 205,591 shares during the period. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BHP has been the topic of several research reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of BHP Group in a research report on Wednesday, October 8th. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Wednesday, August 20th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Hold” and a consensus price target of $48.50.

BHP Group Price Performance

Shares of BHP Group stock opened at $54.64 on Friday. BHP Group Limited Sponsored ADR has a twelve month low of $39.73 and a twelve month high of $58.92. The company has a quick ratio of 1.11, a current ratio of 1.46 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average price of $55.32 and a 200 day moving average price of $52.89.

BHP Group Profile

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.