Ferguson Wellman Capital Management Inc. Takes Position in BHP Group Limited Sponsored ADR $BHP

Ferguson Wellman Capital Management Inc. bought a new position in BHP Group Limited Sponsored ADR (NYSE:BHP) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 255,584 shares of the mining company’s stock, valued at approximately $18,591,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bayban bought a new stake in shares of BHP Group during the fourth quarter worth $25,000. Whipplewood Advisors LLC increased its stake in shares of 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 buying an additional 416 shares during the period. Sound Income Strategies LLC boosted its stake 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 valued at $27,000 after purchasing an additional 291 shares during the last quarter. Hilton Head Capital Partners LLC acquired a new position in shares of BHP Group in the 4th quarter valued at $26,000. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in shares of BHP Group during the fourth quarter worth $26,000. 3.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on BHP shares. Bank of America decreased their price objective on shares of BHP Group from $93.00 to $91.00 and set a “neutral” rating for the company in a report on Monday, June 22nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of BHP Group in a report on Thursday, July 2nd. Zacks Research upgraded shares of BHP Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 23rd. The Goldman Sachs Group raised shares of BHP Group from a “hold” rating to a “strong-buy” rating in a research note on Friday, April 17th. Finally, Argus set a $95.00 price target on BHP Group in a report on Monday, April 27th. 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $69.50.

BHP Group Stock Up 2.2%

Shares of BHP traded up $1.78 during mid-day trading on Friday, reaching $81.69. The company had a trading volume of 1,460,790 shares, compared to its average volume of 2,514,666. 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 company’s 50 day simple moving average is $85.28 and its 200 day simple moving average is $76.13. BHP Group Limited Sponsored ADR has a 1-year low of $49.68 and a 1-year high of $93.83.

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.