Rockefeller Capital Management L.P. Boosts Stock Position in BHP Group Limited Sponsored ADR $BHP

Rockefeller Capital Management L.P. boosted its position in BHP Group Limited Sponsored ADR (NYSE:BHP) by 36.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 417,845 shares of the mining company’s stock after buying an additional 111,967 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in BHP Group were worth $25,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of BHP. Bayban bought a new position in BHP Group during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in BHP Group during the 4th quarter valued at $26,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of BHP Group during the fourth quarter valued at about $26,000. Sound Income Strategies LLC raised its position in shares of BHP Group by 222.1% in the 4th quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after acquiring an additional 291 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its holdings in BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company’s stock worth $39,000 after purchasing an additional 284 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of BHP Group stock opened at $85.71 on Tuesday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.28 and a current ratio of 1.65. BHP Group Limited Sponsored ADR has a twelve month low of $45.74 and a twelve month high of $93.83. The business has a 50-day moving average price of $84.53 and a 200-day moving average price of $74.03.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on BHP. Zacks Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating in a report on Friday, March 20th. Sanford C. Bernstein dropped their price target on shares of BHP Group from $49.50 to $48.00 and set a “market perform” rating on the stock in a report on Monday, March 9th. The Goldman Sachs Group upgraded BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. DZ Bank upgraded shares of BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating on shares of BHP Group in a report on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.