Fmr LLC Acquires 129,908 Shares of BHP Group Limited (NYSE:BHP)

Fmr LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,434,417 shares of the mining company’s stock after buying an additional 129,908 shares during the period. Fmr LLC owned 0.06% of BHP Group worth $89,092,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Douglass Winthrop Advisors LLC acquired a new position in shares of BHP Group in the 3rd quarter valued at $217,000. Fisher Asset Management LLC increased its holdings in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. SevenBridge Financial Group LLC lifted its stake in BHP Group by 9.1% in the third quarter. SevenBridge Financial Group LLC now owns 17,132 shares of the mining company’s stock valued at $1,064,000 after buying an additional 1,436 shares during the period. Larson Financial Group LLC boosted its holdings in BHP Group by 594.2% during the third quarter. Larson Financial Group LLC now owns 2,874 shares of the mining company’s stock worth $179,000 after buying an additional 2,460 shares during the last quarter. Finally, Kingsview Wealth Management LLC grew its position in shares of BHP Group by 32.5% during the 3rd quarter. Kingsview Wealth Management LLC now owns 13,051 shares of the mining company’s stock worth $811,000 after buying an additional 3,201 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Argus upgraded shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

BHP Group Price Performance

Shares of BHP stock opened at $52.20 on Friday. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. 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 company’s 50 day moving average price is $55.88 and its two-hundred day moving average price is $56.01.

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.