Orca Investment Management LLC Purchases Shares of 31,690 BHP Group Limited Sponsored ADR $BHP

Orca Investment Management LLC acquired a new stake in shares of BHP Group Limited Sponsored ADR (NYSE:BHP) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 31,690 shares of the mining company’s stock, valued at approximately $2,305,000. BHP Group makes up about 2.0% of Orca Investment Management LLC’s investment portfolio, making the stock its 16th largest position.

Several other hedge funds also recently made changes to their positions in BHP. Bayban acquired a new stake in BHP Group during the fourth quarter valued at approximately $25,000. Sound Income Strategies LLC grew its position in BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company’s stock worth $27,000 after buying an additional 291 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in BHP Group in the fourth quarter worth approximately $26,000. Garton & Associates Financial Advisors LLC bought a new position in shares of BHP Group in the fourth quarter valued at $26,000. Finally, Eagle Bay Advisors LLC acquired a new stake in shares of BHP Group during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Up 0.0%

BHP Group stock opened at $81.05 on Monday. BHP Group Limited Sponsored ADR has a twelve month low of $47.73 and a twelve month 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. The firm’s 50 day moving average price is $84.76 and its two-hundred day moving average price is $74.67.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BHP shares. Zacks Research raised BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. DZ Bank raised BHP Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, May 28th. Weiss Ratings reiterated a “hold (c)” rating on shares of BHP Group in a report on Monday, April 20th. Bank of America dropped 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. Finally, Wall Street Zen raised BHP Group from a “hold” rating to a “buy” rating in a research note on Saturday. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target 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.