Oxbow Advisors LLC Increases Stake in BHP Group Limited Sponsored ADR $BHP

Oxbow Advisors LLC lifted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 6.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,211 shares of the mining company’s stock after acquiring an additional 7,237 shares during the quarter. Oxbow Advisors LLC’s holdings in BHP Group were worth $9,253,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Parallel Advisors LLC grew its holdings in BHP Group by 1.3% during the 4th quarter. Parallel Advisors LLC now owns 12,039 shares of the mining company’s stock worth $727,000 after acquiring an additional 150 shares in the last quarter. Bailard Inc. increased its position in BHP Group by 1.4% during the 4th quarter. Bailard Inc. now owns 12,395 shares of the mining company’s stock valued at $748,000 after purchasing an additional 174 shares during the period. Addison Advisors LLC increased its position in BHP Group by 31.8% during the 4th quarter. Addison Advisors LLC now owns 751 shares of the mining company’s stock valued at $45,000 after purchasing an additional 181 shares during the period. AlTi Global Inc. raised its holdings in shares of BHP Group by 5.3% in the 4th quarter. AlTi Global Inc. now owns 3,976 shares of the mining company’s stock valued at $240,000 after purchasing an additional 200 shares in the last quarter. Finally, Traveka Wealth LLC raised its holdings in shares of BHP Group by 4.1% in the 1st quarter. Traveka Wealth LLC now owns 5,078 shares of the mining company’s stock valued at $369,000 after purchasing an additional 201 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BHP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research report on Thursday. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Finally, Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $69.50.

BHP Group Stock Up 0.0%

NYSE:BHP opened at $83.34 on Friday. The company’s 50-day simple moving average is $85.09 and its 200-day simple moving average is $75.37. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a fifty-two week low of $49.23 and a fifty-two week high of $93.83.

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.