BHP Group (NYSE:BHP) Shares Purchased by JustInvest LLC

JustInvest LLC raised its holdings in shares of BHP Group (NYSE:BHP) by 10.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 7,025 shares of the mining company’s stock after purchasing an additional 659 shares during the quarter. JustInvest LLC’s holdings in BHP Group were worth $376,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Seven Eight Capital LP bought a new position in BHP Group during the 2nd quarter worth approximately $1,293,000. Proquility Private Wealth Partners LLC lifted its holdings in BHP Group by 57.3% during the 2nd quarter. Proquility Private Wealth Partners LLC now owns 43,323 shares of the mining company’s stock worth $3,155,000 after buying an additional 15,778 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its holdings in BHP Group by 15.1% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 13,878 shares of the mining company’s stock worth $1,011,000 after buying an additional 1,823 shares during the last quarter. Rodgers Brothers Inc. bought a new position in BHP Group during the 2nd quarter worth approximately $1,278,000. Finally, Clarius Group LLC lifted its holdings in BHP Group by 13.9% during the 3rd quarter. Clarius Group LLC now owns 3,827 shares of the mining company’s stock worth $205,000 after buying an additional 468 shares during the last quarter. 6.73% of the stock is currently owned by institutional investors.

BHP opened at $66.97 on Friday. BHP Group has a 12 month low of $51.88 and a 12 month high of $82.07. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.36 and a current ratio of 1.63. The stock’s 50 day moving average price is $58.02 and its 200 day moving average price is $62.54.

A number of research analysts have commented on the company. Zacks Investment Research raised BHP Group from a “strong sell” rating to a “hold” rating and set a $57.00 target price on the stock in a report on Tuesday, November 23rd. Berenberg Bank downgraded BHP Group from a “buy” rating to a “hold” rating in a report on Monday, September 20th. Royal Bank of Canada downgraded BHP Group from an “outperform” rating to a “sector perform” rating in a report on Wednesday, September 29th. Bank of America downgraded BHP Group from a “buy” rating to a “neutral” rating and cut their price target for the stock from $59.00 to $39.00 in a report on Tuesday, September 21st. Finally, Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $80.00 to $71.00 in a report on Wednesday, October 20th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, BHP Group currently has a consensus rating of “Hold” and an average target price of $55.67.

BHP Group Company Profile

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.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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