Dynasty Wealth Management LLC Takes Position in BHP Group Limited (NYSE:BHP)

Dynasty Wealth Management LLC purchased a new stake in BHP Group Limited (NYSE:BHP) in the first quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,473 shares of the mining company’s stock, valued at approximately $720,000.

Other hedge funds have also modified their holdings of the company. Norges Bank purchased a new position in BHP Group in the fourth quarter valued at approximately $191,837,000. Wellington Management Group LLP boosted its holdings 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 acquiring an additional 1,395,940 shares during the period. Fisher Asset Management LLC raised its stake in shares of BHP Group by 3.1% during 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 raised its stake in shares of BHP Group by 6,529.2% during the fourth quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock valued at $31,749,000 after purchasing an additional 457,760 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in BHP Group by 80.6% in the fourth quarter. CIBC Private Wealth Group LLC now owns 942,001 shares of the mining company’s stock worth $64,348,000 after acquiring an additional 420,550 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Up 2.3 %

Shares of NYSE:BHP traded up $1.22 during midday trading on Wednesday, hitting $55.33. The company’s stock had a trading volume of 1,250,008 shares, compared to its average volume of 2,415,269. BHP Group Limited has a fifty-two week low of $53.47 and a fifty-two week high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The stock’s 50 day simple moving average is $57.57 and its 200 day simple moving average is $58.28.

Analyst Ratings Changes

Several research firms have issued reports on BHP. Citigroup began coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating on the stock. Barclays reiterated an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company presently 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.