B. Riley Wealth Advisors Inc. Lowers Stock Position in BHP Group Limited (NYSE:BHP)

B. Riley Wealth Advisors Inc. lessened its position in shares of BHP Group Limited (NYSE:BHP) by 31.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,504 shares of the mining company’s stock after selling 1,616 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in BHP Group were worth $239,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC raised its stake in shares of BHP Group by 6,529.2% during the 4th quarter. International Assets Investment Management LLC now owns 464,771 shares of the mining company’s stock worth $31,749,000 after acquiring an additional 457,760 shares in the last quarter. Moran Wealth Management LLC increased its stake in BHP Group by 10.3% during the 4th quarter. Moran Wealth Management LLC now owns 449,667 shares of the mining company’s stock valued at $30,717,000 after purchasing an additional 42,021 shares in the last quarter. Shorepath Capital Management LLC acquired a new position in BHP Group during the 4th quarter valued at approximately $4,354,000. XY Capital Ltd increased its stake in BHP Group by 422.1% during the 4th quarter. XY Capital Ltd now owns 127,566 shares of the mining company’s stock valued at $8,714,000 after purchasing an additional 103,134 shares in the last quarter. Finally, Morgan Stanley increased its stake in BHP Group by 2.8% during the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock valued at $267,084,000 after purchasing an additional 126,643 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 1.0 %

BHP opened at $56.74 on Friday. 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. The company has a fifty day moving average of $57.99 and a two-hundred day moving average of $59.86.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on BHP. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Liberum Capital restated a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Finally, Citigroup started coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, BHP Group has a consensus rating of “Hold” and a consensus price target of $50.00.

About BHP Group

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.