Canal Insurance CO boosted its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 50.0% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,000 shares of the mining company's stock after acquiring an additional 20,000 shares during the period. Canal Insurance CO's holdings in BHP Group were worth $2,912,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of BHP. WFA Asset Management Corp bought a new position in BHP Group in the 1st quarter worth about $26,000. Alpine Bank Wealth Management bought a new position in BHP Group in the 1st quarter worth approximately $27,000. Compagnie Lombard Odier SCmA bought a new position in BHP Group in the 1st quarter worth approximately $32,000. Allianz SE acquired a new stake in BHP Group in the 4th quarter valued at approximately $51,000. Finally, Headlands Technologies LLC bought a new stake in BHP Group during the 4th quarter valued at $53,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.
BHP Group Price Performance
Shares of BHP traded up $0.33 during mid-day trading on Friday, hitting $48.67. The company's stock had a trading volume of 3,050,632 shares, compared to its average volume of 2,601,133. BHP Group Limited Sponsored ADR has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The stock has a market capitalization of $123.40 billion, a price-to-earnings ratio of 11.06 and a beta of 0.82. The firm has a 50-day moving average price of $48.84 and a 200 day moving average price of $49.00. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a report on Friday, February 28th. Argus lowered BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Finally, Sanford C. Bernstein downgraded BHP Group from an "outperform" rating to a "market perform" rating in a research note on Monday, May 19th. Three analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $53.00.
Check Out Our Latest Stock Analysis on BHP
About BHP Group
(
Free Report)
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
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