BHP Group Limited (NYSE:BHP) Position Increased by Wedmont Private Capital

Wedmont Private Capital raised its holdings in shares of BHP Group Limited (NYSE:BHP) by 19.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,185 shares of the mining company’s stock after purchasing an additional 670 shares during the period. Wedmont Private Capital’s holdings in BHP Group were worth $253,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in BHP. Allworth Financial LP boosted its holdings in shares of BHP Group by 12.7% during the fourth quarter. Allworth Financial LP now owns 1,441 shares of the mining company’s stock valued at $98,000 after acquiring an additional 162 shares during the period. Mutual Advisors LLC boosted its holdings in shares of BHP Group by 3.1% during the fourth quarter. Mutual Advisors LLC now owns 5,541 shares of the mining company’s stock valued at $379,000 after acquiring an additional 165 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of BHP Group by 22.6% during the fourth quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after acquiring an additional 165 shares during the period. SVB Wealth LLC boosted its holdings in shares of BHP Group by 1.3% during the fourth quarter. SVB Wealth LLC now owns 13,040 shares of the mining company’s stock valued at $891,000 after acquiring an additional 170 shares during the period. Finally, Nichols & Pratt Advisers LLP MA boosted its holdings in shares of BHP Group by 0.3% during the fourth quarter. Nichols & Pratt Advisers LLP MA now owns 56,019 shares of the mining company’s stock valued at $3,827,000 after acquiring an additional 175 shares during the period. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BHP shares. Citigroup started coverage on shares of BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Barclays reissued an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Finally, Liberum Capital reissued a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $50.00.

BHP Group Stock Performance

BHP stock opened at $56.58 on Friday. The company has a market capitalization of $143.31 billion, a P/E ratio of 10.82, a PEG ratio of 3.67 and a beta of 1.00. The company has a 50-day simple moving average of $58.05 and a 200 day simple moving average of $59.97. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The company has a quick ratio of 1.22, a current ratio of 1.57 and a debt-to-equity ratio of 0.43.

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.