Naviter Wealth LLC Has $3.30 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Naviter Wealth LLC lifted its stake in BHP Group Limited (NYSE:BHP) by 17.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,149 shares of the mining company’s stock after acquiring an additional 8,296 shares during the quarter. Naviter Wealth LLC’s holdings in BHP Group were worth $3,297,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of BHP. Farmers & Merchants Investments Inc. bought a new stake in BHP Group during the first quarter valued at about $45,000. Allspring Global Investments Holdings LLC bought a new stake in BHP Group during the first quarter valued at about $323,000. Jeppson Wealth Management LLC boosted its holdings in BHP Group by 24.4% during the first quarter. Jeppson Wealth Management LLC now owns 31,608 shares of the mining company’s stock valued at $1,823,000 after acquiring an additional 6,201 shares during the period. Founders Financial Securities LLC bought a new stake in shares of BHP Group in the first quarter valued at about $630,000. Finally, Vicus Capital lifted its stake in shares of BHP Group by 0.3% in the first quarter. Vicus Capital now owns 263,927 shares of the mining company’s stock valued at $15,226,000 after buying an additional 908 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on BHP. Liberum Capital reaffirmed a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Citigroup assumed coverage on shares of BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Finally, Barclays reaffirmed an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.00.

BHP Group Stock Performance

BHP traded up $0.05 during trading on Tuesday, reaching $57.76. 1,557,058 shares of the company’s stock were exchanged, compared to its average volume of 2,470,774. The company’s fifty day moving average price is $57.92 and its 200-day moving average price is $59.71. 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 Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11.

About BHP Group

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.