WFA Asset Management Corp Takes $26,000 Position in BHP Group Limited (NYSE:BHP)

WFA Asset Management Corp purchased a new position in BHP Group Limited (NYSE:BHP) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 540 shares of the mining company’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Sierra Ocean LLC bought a new position in BHP Group in the 4th quarter valued at about $29,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $46,000. Allianz SE acquired a new stake in shares of BHP Group during the 4th quarter worth approximately $51,000. Headlands Technologies LLC bought a new position in BHP Group in the fourth quarter valued at approximately $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in BHP Group during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP Group stock opened at $49.57 on Monday. The company’s 50 day moving average price is $47.73 and its two-hundred day moving average price is $49.34. The firm has a market capitalization of $125.70 billion, a P/E ratio of 11.27 and a beta of 0.82. BHP Group Limited has a fifty-two week low of $39.73 and a fifty-two week high of $63.21. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.70 and a quick ratio of 1.25.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Sanford C. Bernstein cut BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Finally, Wall Street Zen cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $53.00.

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.