Rise Advisors LLC Purchases New Shares in BHP Group Limited (NYSE:BHP)

Rise Advisors LLC purchased a new stake in BHP Group Limited (NYSE:BHP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 509 shares of the mining company’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently modified their holdings of the business. Allworth Financial LP boosted its holdings in shares of BHP Group by 12.7% during the 4th quarter. Allworth Financial LP now owns 1,441 shares of the mining company’s stock valued at $98,000 after buying an additional 162 shares in the last quarter. Mutual Advisors LLC boosted its holdings in shares of BHP Group by 3.1% during the 4th quarter. Mutual Advisors LLC now owns 5,541 shares of the mining company’s stock valued at $379,000 after buying an additional 165 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in shares of BHP Group by 22.6% during the 4th quarter. Parkside Financial Bank & Trust now owns 894 shares of the mining company’s stock valued at $61,000 after buying an additional 165 shares in the last quarter. SVB Wealth LLC boosted its holdings in shares of BHP Group by 1.3% during the 4th quarter. SVB Wealth LLC now owns 13,040 shares of the mining company’s stock valued at $891,000 after buying an additional 170 shares in the last quarter. Finally, Nichols & Pratt Advisers LLP MA raised its position in shares of BHP Group by 0.3% in the 4th quarter. Nichols & Pratt Advisers LLP MA now owns 56,019 shares of the mining company’s stock worth $3,827,000 after purchasing an additional 175 shares during the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

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

BHP Group Stock Up 1.0 %

Shares of NYSE:BHP opened at $57.23 on Friday. The stock has a 50 day moving average of $58.09 and a 200 day moving average of $60.01. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. BHP Group Limited has a 12-month low of $54.28 and a 12-month high of $69.11.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.