Sunbelt Securities Inc. Purchases 231 Shares of BHP Group Limited (NYSE:BHP)

Sunbelt Securities Inc. increased its position in BHP Group Limited (NYSE:BHP) by 12.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,135 shares of the mining company’s stock after purchasing an additional 231 shares during the quarter. Sunbelt Securities Inc.’s holdings in BHP Group were worth $123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of BHP. Eagle Bay Advisors LLC purchased a new stake in BHP Group during the fourth quarter worth $28,000. Rise Advisors LLC purchased a new stake in BHP Group during the first quarter worth $29,000. Montag A & Associates Inc. purchased a new stake in BHP Group during the fourth quarter worth $38,000. Frazier Financial Advisors LLC purchased a new stake in BHP Group during the fourth quarter worth $42,000. Finally, Pingora Partners LLC purchased a new stake in BHP Group during the fourth quarter worth $47,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 0.6 %

Shares of BHP opened at $57.09 on Friday. BHP Group Limited has a 12 month low of $54.28 and a 12 month high of $69.11. The stock has a fifty day moving average price of $57.94 and a 200-day moving average price of $59.79. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Liberum Capital restated a “hold” rating on shares of BHP Group in a report on Tuesday, March 5th. Citigroup assumed coverage on BHP Group in a report on Friday, May 31st. They set a “buy” rating for the company. Finally, Barclays reiterated an “equal weight” rating on shares of BHP Group in a report on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average 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.