8,451 Shares in BHP Group Limited Sponsored ADR $BHP Bought by Larry Mathis Financial Planning LLC

Larry Mathis Financial Planning LLC bought a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the fourth quarter, Holdings Channel reports. The fund bought 8,451 shares of the mining company’s stock, valued at approximately $510,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Paradigm Asset Management Co. LLC purchased a new stake in shares of BHP Group in the third quarter worth about $1,345,000. Abbington Investment Group raised its position in BHP Group by 45.6% during the fourth quarter. Abbington Investment Group now owns 69,288 shares of the mining company’s stock valued at $4,183,000 after acquiring an additional 21,700 shares in the last quarter. Fisher Asset Management LLC raised its position in BHP Group by 1.3% during the third quarter. Fisher Asset Management LLC now owns 23,149,649 shares of the mining company’s stock valued at $1,290,593,000 after acquiring an additional 307,397 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its position in BHP Group by 1,769.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 464,133 shares of the mining company’s stock valued at $25,875,000 after acquiring an additional 439,304 shares in the last quarter. Finally, Factory Mutual Insurance Co. acquired a new position in BHP Group in the third quarter valued at approximately $4,976,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BHP has been the topic of several recent research reports. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Bank of America lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Friday, May 22nd. Zacks Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 20th. Weiss Ratings reissued a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Finally, Berenberg Bank raised shares of BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. One research 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $62.33.

Trending Headlines about 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

BHP Group Stock Performance

Shares of BHP Group stock opened at $88.08 on Friday. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.83. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. The business has a 50-day moving average price of $84.36 and a 200 day moving average price of $73.69.

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.