BHP Group Limited Sponsored ADR $BHP Shares Acquired by Oxbow Advisors LLC

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

A number of other institutional investors have also recently made changes to their positions in BHP. Morgan Stanley boosted its position in shares of BHP Group by 22.8% in the 4th quarter. Morgan Stanley now owns 13,800,183 shares of the mining company’s stock worth $833,117,000 after purchasing an additional 2,562,747 shares in the last quarter. SIH Partners LLLP increased its position in BHP Group by 937.5% during the 3rd quarter. SIH Partners LLLP now owns 1,856,704 shares of the mining company’s stock valued at $103,511,000 after buying an additional 1,677,739 shares in the last quarter. Bank of Montreal Can raised its stake in BHP Group by 264.4% in the fourth quarter. Bank of Montreal Can now owns 1,358,585 shares of the mining company’s stock valued at $82,018,000 after buying an additional 985,794 shares during the last quarter. Bank of America Corp DE raised its stake in BHP Group by 25.2% in the third quarter. Bank of America Corp DE now owns 3,465,421 shares of the mining company’s stock valued at $193,197,000 after buying an additional 697,316 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in BHP Group in the third quarter valued at about $27,234,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Up 0.0%

NYSE BHP opened at $83.34 on Friday. 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 fifty day moving average price is $85.09 and its 200 day moving average price is $75.37. BHP Group Limited Sponsored ADR has a 1 year low of $49.23 and a 1 year high of $93.83.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on BHP shares. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a report on Thursday, May 28th. Zacks Research raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Sanford C. Bernstein dropped their target price on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, BHP Group currently has an average rating of “Moderate Buy” and a consensus target price of $69.50.

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.