180 Wealth Advisors LLC Grows Position in BHP Group Limited (NYSE:BHP)

180 Wealth Advisors LLC increased its stake in BHP Group Limited (NYSE:BHPFree Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,093 shares of the mining company’s stock after purchasing an additional 345 shares during the quarter. 180 Wealth Advisors LLC’s holdings in BHP Group were worth $981,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Eastern Bank purchased a new position in BHP Group in the 3rd quarter valued at approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group in the 2nd quarter valued at about $27,000. Sound Income Strategies LLC increased its holdings in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares in the last quarter. Versant Capital Management Inc purchased a new stake in shares of BHP Group in the fourth quarter valued at about $40,000. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $50,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP opened at $49.29 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The firm has a market capitalization of $124.99 billion, a P/E ratio of 10.67 and a beta of 0.95. The business’s 50-day simple moving average is $51.40 and its 200-day simple moving average is $54.41.

Analysts Set New Price Targets

BHP has been the subject of several recent research reports. Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus upgraded shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Friday. Three equities 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. Based on data from MarketBeat.com, BHP Group currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

Check Out Our Latest Research Report on BHP

About BHP Group

(Free Report)

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.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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