QRG Capital Management Inc. Has $7.62 Million Holdings in BHP Group Limited (NYSE:BHP)

QRG Capital Management Inc. grew its stake in BHP Group Limited (NYSE:BHP) by 2.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 132,048 shares of the mining company’s stock after buying an additional 2,882 shares during the period. QRG Capital Management Inc.’s holdings in BHP Group were worth $7,618,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BHP. Norges Bank acquired a new stake in BHP Group during the fourth quarter worth about $191,837,000. Wellington Management Group LLP increased its position in shares of BHP Group by 46.6% during the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after purchasing an additional 1,395,940 shares during the period. Fisher Asset Management LLC raised its stake in shares of BHP Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after purchasing an additional 589,317 shares in the last quarter. International Assets Investment Management LLC lifted its position in BHP Group by 6,529.2% in the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after purchasing an additional 457,760 shares during the period. Finally, CIBC Private Wealth Group LLC boosted its stake in BHP Group by 80.6% during the fourth quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock worth $64,348,000 after buying an additional 420,550 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Down 1.9 %

BHP stock traded down $1.11 during trading on Tuesday, hitting $57.20. 2,417,130 shares of the stock traded hands, compared to its average volume of 2,435,935. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. BHP Group Limited has a one year low of $54.28 and a one year high of $69.11. The company has a 50 day simple moving average of $58.33 and a 200 day simple moving average of $59.09.

Wall Street Analysts Forecast Growth

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

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.