Orca Investment Management LLC Makes New $2.31 Million Investment in BHP Group Limited Sponsored ADR $BHP

Orca Investment Management LLC purchased a new position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 31,690 shares of the mining company’s stock, valued at approximately $2,305,000. BHP Group makes up 2.0% of Orca Investment Management LLC’s investment portfolio, making the stock its 16th largest position.

Several other institutional investors have also made changes to their positions in the company. Louisbourg Investments Inc. increased its holdings in BHP Group by 14.4% in the first quarter. Louisbourg Investments Inc. now owns 12,680 shares of the mining company’s stock worth $922,000 after buying an additional 1,600 shares during the last quarter. Traveka Wealth LLC raised its position in BHP Group by 4.1% during the first quarter. Traveka Wealth LLC now owns 5,078 shares of the mining company’s stock valued at $369,000 after acquiring an additional 201 shares in the last quarter. Venturi Wealth Management LLC lifted its stake in BHP Group by 49.8% in the first quarter. Venturi Wealth Management LLC now owns 11,184 shares of the mining company’s stock valued at $814,000 after acquiring an additional 3,716 shares during the last quarter. SmartHarvest Portfolios LLC acquired a new stake in BHP Group in the first quarter valued at approximately $244,000. Finally, Aaron Wealth Advisors LLC grew its position in BHP Group by 46.4% in the first quarter. Aaron Wealth Advisors LLC now owns 29,907 shares of the mining company’s stock worth $2,175,000 after acquiring an additional 9,483 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

NYSE BHP opened at $81.05 on Monday. The company has a quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $84.76 and a 200 day simple moving average of $74.67. BHP Group Limited Sponsored ADR has a 1 year low of $47.73 and a 1 year high of $93.83.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on BHP shares. Sanford C. Bernstein cut 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 report on Monday, March 9th. Argus set a $95.00 price objective on shares of BHP Group in a report on Monday, April 27th. Citigroup reissued a “neutral” rating on shares of BHP Group in a research report on Monday, June 8th. Berenberg Bank upgraded BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Bank of America reduced their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and an average price target of $69.50.

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.