WealthPlan Investment Management LLC acquired a new position in BHP Group Limited (NYSE:BHP – Get Rating) in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,692 shares of the mining company’s stock, valued at approximately $293,000.
A number of other hedge funds have also recently made changes to their positions in BHP. Fairfield Bush & CO. boosted its stake in shares of BHP Group by 1.1% in the first quarter. Fairfield Bush & CO. now owns 19,463 shares of the mining company’s stock worth $1,504,000 after acquiring an additional 211 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of BHP Group by 70.0% in the first quarter. Bank of New York Mellon Corp now owns 79,400 shares of the mining company’s stock worth $6,134,000 after acquiring an additional 32,699 shares during the period. Private Advisor Group LLC boosted its stake in shares of BHP Group by 62.9% in the first quarter. Private Advisor Group LLC now owns 8,865 shares of the mining company’s stock worth $685,000 after acquiring an additional 3,424 shares during the period. BlackRock Inc. lifted its position in shares of BHP Group by 18.5% in the first quarter. BlackRock Inc. now owns 1,821,564 shares of the mining company’s stock worth $140,716,000 after buying an additional 283,915 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its position in shares of BHP Group by 71.7% in the first quarter. Yousif Capital Management LLC now owns 39,175 shares of the mining company’s stock worth $3,026,000 after buying an additional 16,359 shares in the last quarter. Institutional investors own 5.90% of the company’s stock.
BHP Group Price Performance
Shares of NYSE BHP opened at $57.60 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.28 and a debt-to-equity ratio of 0.27. The business’s 50 day moving average price is $65.69 and its 200-day moving average price is $58.96. BHP Group Limited has a fifty-two week low of $46.92 and a fifty-two week high of $79.66.
BHP Group Cuts Dividend
Wall Street Analysts Forecast Growth
A number of equities research analysts recently commented on BHP shares. Barclays decreased their target price on BHP Group from GBX 2,700 ($32.91) to GBX 2,550 ($31.08) in a research report on Wednesday, February 22nd. Bank of America upgraded BHP Group from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 23rd. Berenberg Bank decreased their target price on BHP Group from GBX 3,000 ($36.56) to GBX 2,900 ($35.34) in a research report on Thursday, February 23rd. The Goldman Sachs Group downgraded BHP Group from a “buy” rating to a “neutral” rating in a research report on Thursday, November 24th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on BHP Group from GBX 2,200 ($26.81) to GBX 2,300 ($28.03) in a research report on Tuesday, January 10th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2,211.50.
About BHP Group
BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore, and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.
- Get a free copy of the StockNews.com research report on BHP Group (BHP)
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
- Europe Raises Interest Rates, Should the Fed Follow?
Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited (NYSE:BHP – Get Rating).
Receive News & Ratings for BHP Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BHP Group and related companies with MarketBeat.com's FREE daily email newsletter.