FORA Capital LLC Takes Position in BHP Group Limited (NYSE:BHP)

FORA Capital LLC acquired a new position in shares of BHP Group Limited (NYSE:BHP) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 66,438 shares of the mining company’s stock, valued at approximately $4,126,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BHP. Pinnacle West Asset Management Inc. boosted its stake in shares of BHP Group by 2.6% during the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after purchasing an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock valued at $1,570,000 after buying an additional 202 shares during the last quarter. Bleakley Financial Group LLC boosted its position in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after buying an additional 203 shares during the period. Huntington National Bank grew its holdings in BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after acquiring an additional 203 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC raised its stake in shares of BHP Group by 1.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock valued at $1,097,000 after acquiring an additional 208 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Ratings Changes

BHP has been the topic of several analyst reports. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Stock Performance

BHP Group stock traded up $0.62 during trading hours on Wednesday, reaching $51.81. 347,968 shares of the company’s stock were exchanged, compared to its average volume of 2,448,871. The firm’s 50 day simple moving average is $56.39 and its 200 day simple moving average is $56.30. BHP Group Limited has a twelve month low of $50.90 and a twelve month high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

BHP Group Company 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.