BHP Group Limited (NYSE:BHP) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in BHP Group Limited (NYSE:BHP) by 6.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,571 shares of the mining company’s stock after selling 255 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in BHP Group were worth $222,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Bank of Montreal Can increased its stake in BHP Group by 532.2% in the 2nd quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after buying an additional 1,981,008 shares during the period. XY Capital Ltd increased its stake in shares of BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the period. Wellington Management Group LLP increased its stake in shares of BHP Group by 13.0% during the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after acquiring an additional 642,765 shares during the period. Fisher Asset Management LLC raised its holdings in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares in the last quarter. Finally, Mediolanum International Funds Ltd acquired a new stake in BHP Group in the third quarter valued at about $33,458,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP opened at $49.20 on Friday. The business has a 50 day moving average price of $53.89 and a 200 day moving average price of $55.36. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company has a market capitalization of $124.76 billion, a P/E ratio of 10.65 and a beta of 0.95. BHP Group Limited has a 1-year low of $48.79 and a 1-year high of $69.11.

Analysts Set New Price Targets

Several equities analysts have issued reports on BHP shares. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $72.00 to $68.00 in a report on Friday, October 4th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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