Standard Family Office LLC Invests $128,000 in BHP Group (NYSE:BHP)

Standard Family Office LLC bought a new position in shares of BHP Group (NYSE:BHP) during the first quarter, HoldingsChannel reports. The firm bought 1,841 shares of the mining company’s stock, valued at approximately $128,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC raised its position in BHP Group by 28.7% in the 1st quarter. FMR LLC now owns 29,000 shares of the mining company’s stock worth $1,585,000 after purchasing an additional 6,471 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its position in shares of BHP Group by 417.8% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 319,130 shares of the mining company’s stock valued at $17,447,000 after acquiring an additional 257,502 shares during the last quarter. Meritage Portfolio Management raised its position in shares of BHP Group by 6.4% during the 4th quarter. Meritage Portfolio Management now owns 55,424 shares of the mining company’s stock valued at $3,621,000 after acquiring an additional 3,320 shares during the last quarter. Prio Wealth Limited Partnership bought a new stake in shares of BHP Group during the 4th quarter valued at $217,000. Finally, WealthStone Inc. bought a new stake in shares of BHP Group during the 4th quarter valued at $247,000.

BHP Group stock opened at $75.25 on Friday. The business’s 50-day simple moving average is $74.49. BHP Group has a one year low of $46.90 and a one year high of $82.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.09 and a current ratio of 1.42. The firm has a market cap of $120.85 billion, a P/E ratio of 21.02, a price-to-earnings-growth ratio of 2.75 and a beta of 0.92.

BHP has been the subject of several recent research reports. UBS Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 30th. Argus raised shares of BHP Group from a “hold” rating to a “buy” rating in a report on Tuesday, March 9th. Zacks Investment Research lowered shares of BHP Group from a “strong-buy” rating to a “hold” rating and set a $77.00 price target for the company. in a report on Tuesday, March 16th. Exane BNP Paribas raised shares of BHP Group from an “underperform” rating to a “neutral” rating in a report on Friday, June 4th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of BHP Group in a report on Wednesday, February 17th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. BHP Group presently has an average rating of “Hold” and a consensus price target of $1,138.50.

About BHP Group

BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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