Moody National Bank Trust Division Acquires New Holdings in BHP Group Limited (NYSE:BHP)

Moody National Bank Trust Division bought a new position in BHP Group Limited (NYSE:BHP) during the 4th quarter, HoldingsChannel reports. The firm bought 8,202 shares of the mining company’s stock, valued at approximately $401,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Barclays PLC increased its position in shares of BHP Group by 93.7% in the 3rd quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock valued at $14,042,000 after buying an additional 109,337 shares in the last quarter. FMR LLC grew its stake in BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock valued at $89,092,000 after acquiring an additional 129,908 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after acquiring an additional 55,095 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of BHP Group by 17.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock worth $9,513,000 after purchasing an additional 22,677 shares during the period. Finally, XY Capital Ltd lifted its holdings in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock valued at $57,245,000 after purchasing an additional 768,972 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Trading Up 0.7 %

NYSE BHP opened at $49.66 on Wednesday. BHP Group Limited has a 52 week low of $48.06 and a 52 week high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The stock’s 50 day moving average price is $51.26 and its two-hundred day moving average price is $54.35. The stock has a market capitalization of $125.93 billion, a price-to-earnings ratio of 10.75 and a beta of 0.95.

Analyst Ratings Changes

A number of analysts recently issued reports on BHP shares. Argus raised BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Jefferies Financial Group lowered their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 10th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group 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.