Larry Mathis Financial Planning LLC Invests $510,000 in BHP Group Limited Sponsored ADR $BHP

Larry Mathis Financial Planning LLC acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,451 shares of the mining company’s stock, valued at approximately $510,000.

Other institutional investors have also recently made changes to their positions in the company. Bayban purchased a new position in BHP Group during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new stake in BHP Group in the fourth quarter valued at about $26,000. Garton & Associates Financial Advisors LLC acquired a new stake in BHP Group in the fourth quarter worth about $26,000. Sound Income Strategies LLC boosted its holdings in BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in shares of BHP Group by 68.9% during the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after acquiring an additional 284 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of BHP stock opened at $88.08 on Friday. BHP Group Limited Sponsored ADR has a fifty-two week low of $45.74 and a fifty-two week high of $93.83. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.65 and a quick ratio of 1.28. The stock’s 50-day simple moving average is $84.36 and its 200-day simple moving average is $73.69.

Key Stories Impacting BHP Group

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

• Negative Sentiment: BHP will take a $2.3 billion charge on its Jansen potash mine after costs jumped again and the project was delayed, signaling weaker near-term earnings and a larger-than-expected budget overrun. Reuters: BHP flags cost overrun at Jansen potash project, to book $2.3 billion charge
• Negative Sentiment: Market reaction has been negative, with BHP shares falling sharply in Australia after the announcement, reflecting investor concern that the mining giant is facing repeated cost inflation and execution risk on a major growth project. Proactive Investors: BHP shares drop on $2.3B write-down at Canadian potash project
• Neutral Sentiment: Other coverage also highlighted that the Jansen expansion is now expected to cost about $2 billion more than previously planned, reinforcing uncertainty around project economics and the timing of future potash production. Wall Street Journal: BHP Raises Potash Project Costs, Flags $2.3 Billion Write-Down

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Berenberg Bank upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research note on Thursday, May 28th. Wall Street Zen downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. 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 research note on Monday, March 9th. Finally, Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and ten have given a Hold rating to the company. According to MarketBeat.com, BHP Group presently has a consensus rating of “Hold” and a consensus price target of $62.33.

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.