Gleason Group Inc. Boosts Stock Position in BHP Group Limited (NYSE:BHP)

Gleason Group Inc. grew its holdings in shares of BHP Group Limited (NYSE:BHP) by 2.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,155 shares of the mining company’s stock after buying an additional 333 shares during the period. Gleason Group Inc.’s holdings in BHP Group were worth $691,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of BHP. Ashton Thomas Private Wealth LLC purchased a new position in shares of BHP Group during the second quarter valued at approximately $27,000. American Century Companies Inc. grew its stake in shares of BHP Group by 6.1% in the second quarter. American Century Companies Inc. now owns 549,394 shares of the mining company’s stock worth $31,365,000 after acquiring an additional 31,442 shares during the last quarter. BOKF NA increased its holdings in shares of BHP Group by 47.7% during the second quarter. BOKF NA now owns 5,752 shares of the mining company’s stock valued at $328,000 after acquiring an additional 1,858 shares in the last quarter. Parallel Advisors LLC grew its position in BHP Group by 27.0% during the 2nd quarter. Parallel Advisors LLC now owns 12,830 shares of the mining company’s stock valued at $732,000 after purchasing an additional 2,728 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of BHP Group by 6.9% in the second quarter. Oppenheimer Asset Management Inc. now owns 128,185 shares of the mining company’s stock worth $7,318,000 after buying an additional 8,318 shares in the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Up 1.5 %

BHP Group stock 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. The firm’s 50 day moving average price is $51.40 and its 200-day moving average price is $54.41. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The stock has a market cap of $124.99 billion, a P/E ratio of 10.67 and a beta of 0.95.

Wall Street Analyst Weigh In

A number of analysts have commented on BHP shares. Jefferies Financial Group reduced their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Sanford C. Bernstein raised 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 research note 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’s stock. According to MarketBeat.com, BHP Group currently has an average rating of “Moderate Buy” and an average 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.