Inspire Advisors LLC Buys 837 Shares of BHP Group Limited (NYSE:BHP)

Inspire Advisors LLC grew its stake in shares of BHP Group Limited (NYSE:BHP) by 8.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 10,684 shares of the mining company’s stock after acquiring an additional 837 shares during the quarter. Inspire Advisors LLC’s holdings in BHP Group were worth $616,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC bought a new stake in shares of BHP Group during the 4th quarter worth $28,000. Rise Advisors LLC bought a new stake in shares of BHP Group during the 1st quarter worth $29,000. WFA Asset Management Corp bought a new stake in shares of BHP Group during the 1st quarter worth $31,000. Viking Fund Management LLC bought a new stake in shares of BHP Group during the 1st quarter worth $33,000. Finally, Montag A & Associates Inc. bought a new stake in shares of BHP Group during the 4th quarter worth $38,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on BHP shares. Barclays restated an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Citigroup assumed coverage on BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $50.00.

BHP Group Stock Performance

BHP traded down $1.59 on Tuesday, reaching $56.72. The stock had a trading volume of 1,048,089 shares, compared to its average volume of 2,425,794. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The firm has a 50-day moving average of $58.33 and a 200-day moving average of $59.09. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.