BHP Group Limited Sponsored ADR $BHP Shares Newly Purchased by SteelPeak Wealth LLC

SteelPeak Wealth LLC bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 66,096 shares of the mining company’s stock, valued at approximately $5,608,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. NFSG Corp increased its position in shares of BHP Group by 182.9% during the third quarter. NFSG Corp now owns 396 shares of the mining company’s stock valued at $34,000 after buying an additional 256 shares during the period. Bayban purchased a new stake in shares of BHP Group in the fourth quarter worth about $25,000. Whipplewood Advisors LLC boosted its position in shares of BHP Group by 8,320.0% in the first quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after acquiring an additional 416 shares during the period. Ascentis Independent Advisors bought a new position in shares of BHP Group in the first quarter valued at approximately $45,000. Finally, Cassaday & Co Wealth Management LLC purchased a new position in BHP Group during the first quarter valued at approximately $54,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE:BHP opened at $83.15 on Friday. The company has a quick ratio of 1.48, a current ratio of 1.88 and a debt-to-equity ratio of 0.43. The business’s 50-day moving average price is $88.68 and its two-hundred day moving average price is $84.99. BHP Group Limited Sponsored ADR has a twelve month low of $52.18 and a twelve month high of $98.71.

BHP Group Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, September 23rd. Investors of record on Friday, September 4th were given a $1.98 dividend. This represents a dividend yield of 438.0%. The ex-dividend date was Friday, September 4th.

Analysts Set New Price Targets

A number of analysts recently weighed in on BHP shares. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. Bank of America reduced their price target on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a research report on Monday, June 22nd. Weiss Ratings upgraded shares of BHP Group from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 18th. Wall Street Zen cut shares of BHP Group from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, BHP Group currently has an average rating of “Hold” and a consensus target price of $78.00.

BHP Group Company Profile

BHP Group Limited is a global resources company headquartered in Melbourne, Australia. The company explores, develops and operates large-scale mineral assets, with core products including copper, iron ore, metallurgical coal and potash. Its commodities are used in steelmaking, construction, manufacturing, agriculture and technologies supporting the energy transition.

BHP’s principal operations are located in Australia, Chile, Canada and Brazil. Major assets include Western Australia Iron Ore, the Escondida and Spence copper operations in Chile, Olympic Dam in South Australia and the Jansen potash project in Saskatchewan, Canada.