Cohen Investment Advisors LLC Raises Holdings in BHP Group Limited Sponsored ADR (NYSE:BHP)

Cohen Investment Advisors LLC increased its holdings in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) by 313.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 206,531 shares of the mining company's stock after purchasing an additional 156,583 shares during the quarter. Cohen Investment Advisors LLC's holdings in BHP Group were worth $10,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BHP. WFA Asset Management Corp bought a new stake in shares of BHP Group in the 1st quarter worth approximately $26,000. Alpine Bank Wealth Management purchased a new stake in BHP Group in the first quarter worth $27,000. Compagnie Lombard Odier SCmA bought a new stake in BHP Group in the first quarter valued at $32,000. Allianz SE purchased a new position in BHP Group during the 4th quarter valued at $51,000. Finally, Headlands Technologies LLC bought a new position in BHP Group in the 4th quarter worth $53,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on BHP. Argus lowered shares of BHP Group from a "buy" rating to a "hold" rating in a research note on Friday, June 13th. Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Three equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, BHP Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Stock Up 1.2%

Shares of BHP traded up $0.57 during mid-day trading on Tuesday, reaching $48.66. The company had a trading volume of 2,492,295 shares, compared to its average volume of 2,612,322. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The firm has a 50-day moving average price of $48.93 and a 200 day moving average price of $48.88. BHP Group Limited Sponsored ADR has a 52 week low of $39.73 and a 52 week high of $63.21. The company has a market capitalization of $123.39 billion, a price-to-earnings ratio of 11.06 and a beta of 0.80.

BHP Group Profile

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.