Blue Trust Inc. Raises Stock Holdings in BHP Group Limited (NYSE:BHP)

Blue Trust Inc. lifted its holdings in shares of BHP Group Limited (NYSE:BHP) by 274.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,173 shares of the mining company’s stock after acquiring an additional 5,255 shares during the quarter. Blue Trust Inc.’s holdings in BHP Group were worth $414,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Baader Bank Aktiengesellschaft purchased a new stake in shares of BHP Group during the second quarter valued at approximately $208,000. Wealth Enhancement Advisory Services LLC increased its position in BHP Group by 13.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 19,167 shares of the mining company’s stock worth $1,094,000 after buying an additional 2,292 shares during the last quarter. Wedmont Private Capital increased its position in BHP Group by 46.7% in the second quarter. Wedmont Private Capital now owns 6,140 shares of the mining company’s stock worth $364,000 after buying an additional 1,955 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in BHP Group by 0.7% in the second quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after buying an additional 202 shares during the last quarter. Finally, Strong Tower Advisory Services increased its position in BHP Group by 26.3% in the second quarter. Strong Tower Advisory Services now owns 23,619 shares of the mining company’s stock worth $1,348,000 after buying an additional 4,920 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have issued reports on BHP. Citigroup began coverage on BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $50.00.

BHP Group Stock Performance

Shares of BHP Group stock traded up $0.59 during trading hours on Friday, reaching $53.24. The company had a trading volume of 2,683,816 shares, compared to its average volume of 2,442,979. BHP Group Limited has a one year low of $51.73 and a one year high of $69.11. The business has a fifty day simple moving average of $56.12 and a 200 day simple moving average of $57.61. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22. The firm has a market cap of $134.85 billion, a PE ratio of 10.24, a price-to-earnings-growth ratio of 3.45 and a beta of 0.98.

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.