Westover Capital Advisors LLC Makes New $454,000 Investment in BHP Group Limited Sponsored ADR $BHP

Westover Capital Advisors LLC acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 6,242 shares of the mining company’s stock, valued at approximately $454,000.

Several other hedge funds also recently made changes to their positions in BHP. Main Street Research LLC bought a new position in shares of BHP Group in the first quarter valued at $37,767,000. Abbington Investment Group boosted its stake in shares of BHP Group by 45.6% during the 4th quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock worth $4,183,000 after acquiring an additional 21,700 shares in the last quarter. SG Americas Securities LLC raised its position in shares of BHP Group by 442.2% during the fourth quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock worth $8,637,000 after purchasing an additional 116,681 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in BHP Group in the 1st quarter worth about $18,591,000. Finally, Shrier Wealth Management LLC acquired a new stake in BHP Group during the 4th quarter worth about $2,630,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 1.4%

Shares of BHP Group stock opened at $85.56 on Thursday. 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 Limited Sponsored ADR has a 12-month low of $49.68 and a 12-month high of $93.83. The company has a 50-day simple moving average of $85.44 and a 200 day simple moving average of $76.72.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on BHP shares. DZ Bank upgraded BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Citigroup reiterated a “neutral” rating on shares of BHP Group in a research note on Monday, June 8th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Finally, Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

About BHP Group

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.