Kestra Advisory Services LLC Raises Position in BHP Group Limited Sponsored ADR $BHP

Kestra Advisory Services LLC raised its position in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) by 18.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,607 shares of the mining company’s stock after acquiring an additional 11,579 shares during the quarter. Kestra Advisory Services LLC’s holdings in BHP Group were worth $5,427,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in BHP. Bayban purchased a new stake in BHP Group in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new position in BHP Group during the fourth quarter valued at $26,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of BHP Group during the 4th quarter valued at $26,000. Sound Income Strategies LLC boosted its holdings in shares of BHP Group by 222.1% during the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock valued at $27,000 after buying an additional 291 shares in the last quarter. Finally, Eagle Bay Advisors LLC purchased a new stake in shares of BHP Group in the 4th quarter worth about $39,000. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on BHP shares. Argus set a $95.00 price target on shares of BHP Group in a research note on Monday, April 27th. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research note on Thursday, July 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Finally, Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $69.50.

BHP Group Trading Up 1.4%

Shares of BHP Group stock opened at $85.56 on Thursday. BHP Group Limited Sponsored ADR has a 1 year low of $49.68 and a 1 year high of $93.83. The firm’s 50-day moving average is $85.44 and its 200 day moving average is $76.72. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44.

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.