This morning we watched BHP drop -1.9% to a price of $54.29 per share. The Large-Cap Thermal Coal company is now trading -15.24% below its average target price of $64.05. Analysts have set target prices ranging from $53.0 to $72.75 per share for BHP, and have given the stock an average rating of buy.
The stock has a very low short interest at 0.3%, and a short ratio of 3.99. At 0.02%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation. Finally, we also note that a very small number of institutional investors are invested in the stock, with 3.8% of BHP's shares being owned by this investor type.
Institutions Invested in BHP
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Fisher Asset Management, LLC | 1% | 21,311,586 | $1,157,006,023 |
| 2024-06-30 | Harding Loevner LLC | 0% | 9,470,895 | $514,174,898 |
| 2024-06-30 | Wellington Management Group, LLP | 0% | 4,960,859 | $269,325,039 |
| 2024-06-30 | Morgan Stanley | 0% | 5,197,155 | $282,153,549 |
| 2024-06-30 | Bank of America Corporation | 0% | 4,574,177 | $248,332,073 |
| 2024-06-30 | Dimensional Fund Advisors LP | 0% | 4,343,464 | $235,806,664 |
| 2024-06-30 | Goldman Sachs Group Inc | 0% | 3,512,871 | $190,713,769 |
| 2024-06-30 | Norges Bank Investment Management | 0% | 2,808,334 | $152,464,455 |
| 2024-06-30 | Blackrock Inc. | 0% | 2,636,200 | $143,119,300 |
| 2024-06-30 | Bank of Montreal/Can/ | 0% | 2,353,268 | $127,758,921 |
Besides an analyst consensus of some upside potential, other market factors point to there being mixed market sentiment on BHP.
