This morning we watched BHP rise 1.3% to a price of $52.89 per share. The Large-Cap Thermal Coal company is now trading -13.83% below its average target price of $61.38. Analysts have set target prices ranging from $51.0 to $72.0 per share for BHP, and have given the stock an average rating of buy.
BHP's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 0.4%. The stock's short ratio is 4.11. At 0.02%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 3.8%. In conclusion, we believe there is mixed market sentiment regarding BHP.
Institutions Invested in BHP
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Fisher Asset Management, LLC | 1% | 21,311,586 | $1,127,169,770 |
| 2024-06-30 | Harding Loevner LLC | 0% | 9,470,895 | $500,915,630 |
| 2024-06-30 | Wellington Management Group, LLP | 0% | 4,960,859 | $262,379,829 |
| 2024-06-30 | Morgan Stanley | 0% | 5,197,155 | $274,877,524 |
| 2024-06-30 | Bank of America Corporation | 0% | 4,574,177 | $241,928,218 |
| 2024-06-30 | Dimensional Fund Advisors LP | 0% | 4,343,464 | $229,725,808 |
| 2024-06-30 | Goldman Sachs Group Inc | 0% | 3,512,871 | $185,795,745 |
| 2024-06-30 | Norges Bank Investment Management | 0% | 2,808,334 | $148,532,783 |
| 2024-06-30 | Blackrock Inc. | 0% | 2,636,200 | $139,428,616 |
| 2024-06-30 | Bank of Montreal/Can/ | 0% | 2,353,268 | $124,464,343 |
