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

Kestra Advisory Services LLC grew its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP) by 18.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,607 shares of the mining company’s stock after purchasing an additional 11,579 shares during the period. Kestra Advisory Services LLC’s holdings in BHP Group were worth $5,427,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Abbington Investment Group lifted its stake in BHP Group by 45.6% during the 4th 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 during the period. SG Americas Securities LLC grew its stake in shares of BHP Group by 442.2% in the fourth quarter. SG Americas Securities LLC now owns 143,065 shares of the mining company’s stock worth $8,637,000 after acquiring an additional 116,681 shares during the period. Shrier Wealth Management LLC purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $2,630,000. Oxbow Advisors LLC purchased a new position in shares of BHP Group during the fourth quarter valued at approximately $7,243,000. Finally, Primoris Wealth Advisors LLC bought a new position in BHP Group during the fourth quarter valued at approximately $1,389,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.4%

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

Wall Street Analysts Forecast Growth

BHP has been the topic of several research reports. Citigroup restated a “neutral” rating on shares of BHP Group in a report on Monday, June 8th. The Goldman Sachs Group raised BHP Group from a “hold” rating to a “strong-buy” rating in a report on Friday, April 17th. Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. Weiss Ratings restated a “hold (c)” rating on shares of BHP Group in a research note on Monday, April 20th. Finally, Berenberg Bank raised BHP Group from a “sell” rating to a “hold” rating in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.