Westover Capital Advisors LLC Buys Shares of 6,242 BHP Group Limited Sponsored ADR $BHP

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

Other large investors also recently modified their holdings of the company. Bayban bought a new position in shares of BHP Group during the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in BHP Group in the fourth quarter valued at approximately $26,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $26,000. Sound Income Strategies LLC raised its holdings in shares of BHP Group by 222.1% during the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares during the period. Finally, Whipplewood Advisors LLC lifted its position in BHP Group by 8,320.0% in the 1st quarter. Whipplewood Advisors LLC now owns 421 shares of the mining company’s stock valued at $31,000 after acquiring an additional 416 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

Shares of NYSE:BHP opened at $85.56 on Thursday. 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 quick ratio of 1.28, a current ratio of 1.65 and a debt-to-equity ratio of 0.44. The business has a fifty day simple moving average of $85.44 and a 200 day simple moving average of $76.72.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research report on Friday, April 17th. Wall Street Zen upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Bank of America reduced their price target on BHP Group from $93.00 to $91.00 and set a “neutral” rating on the stock in a research report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of BHP Group in a research report on Thursday, July 2nd. Finally, Argus set a $95.00 target price on shares of BHP Group in a research report on Monday, April 27th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $69.50.

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.