Primoris Wealth Advisors LLC Makes New Investment in BHP Group Limited Sponsored ADR $BHP

Key Points

• Primoris Wealth Advisors acquired a new position of 23,000 shares in BHP Group (NYSE:BHP) during Q4, valued at about $1.389 million.
• Analysts have a consensus "Hold" on BHP with an average target price of $62.33, based on one Strong Buy, one Buy and eight Hold ratings.
• BHP paid a $1.46 dividend (record date Mar 6, paid Mar 26); the stock opened at $77.89 and has a 52‑week range of $45.74–$83.21.

Primoris Wealth Advisors LLC acquired a new position in BHP Group Limited Sponsored ADR (NYSE:BHP - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 23,000 shares of the mining company's stock, valued at approximately $1,389,000.

Several other hedge funds have also recently made changes to their positions in BHP. Sound Income Strategies LLC raised its stake in shares of BHP Group by 222.1% in the fourth quarter. Sound Income Strategies LLC now owns 422 shares of the mining company's stock valued at $27,000 after buying an additional 291 shares during the period. Salomon & Ludwin LLC raised its stake in shares of BHP Group by 3,040.9% in the third quarter. Salomon & Ludwin LLC now owns 691 shares of the mining company's stock valued at $38,000 after buying an additional 669 shares during the period. JFS Wealth Advisors LLC raised its stake in shares of BHP Group by 68.9% in the third quarter. JFS Wealth Advisors LLC now owns 696 shares of the mining company's stock valued at $39,000 after buying an additional 284 shares during the period. Eagle Bay Advisors LLC bought a new stake in shares of BHP Group in the fourth quarter valued at $39,000. Finally, Ameriflex Group Inc. raised its stake in shares of BHP Group by 100.0% in the third quarter. Ameriflex Group Inc. now owns 718 shares of the mining company's stock valued at $40,000 after buying an additional 359 shares during the period. 3.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research lowered BHP Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 20th. Wall Street Zen upgraded BHP Group from a "hold" rating to a "buy" rating in a research note on Saturday, February 21st. Sanford C. Bernstein lowered their target price on BHP Group from $49.50 to $48.00 and set a "market perform" rating on the stock in a research note on Monday, March 9th. Deutsche Bank Aktiengesellschaft restated a "hold" rating on shares of BHP Group in a research note on Wednesday, February 18th. Finally, Citigroup restated a "neutral" rating on shares of BHP Group in a research note on Monday, April 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and eight have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $62.33.

BHP Group Price Performance

NYSE:BHP opened at $77.89 on Tuesday. The company has a current ratio of 1.65, a quick ratio of 1.28 and a debt-to-equity ratio of 0.44. BHP Group Limited Sponsored ADR has a 52-week low of $45.74 and a 52-week high of $83.21. The business's fifty day moving average is $75.18 and its 200 day moving average is $66.27.

BHP Group Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, March 26th. Shareholders of record on Friday, March 6th were paid a $1.46 dividend. This represents a yield of 399.0%. The ex-dividend date was Friday, March 6th.

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.

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