BHP Group Ltd (NYSE:BHP) Shares Acquired by Wright Investors Service Inc.

Wright Investors Service Inc. grew its stake in BHP Group Ltd (NYSE:BHP) by 7.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,775 shares of the mining company’s stock after purchasing an additional 848 shares during the period. Wright Investors Service Inc.’s holdings in BHP Group were worth $742,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the company. Stephens Inc. AR acquired a new position in shares of BHP Group in the second quarter valued at approximately $212,000. Advisory Services Network LLC increased its holdings in shares of BHP Group by 2.7% in the second quarter. Advisory Services Network LLC now owns 27,087 shares of the mining company’s stock valued at $1,574,000 after purchasing an additional 704 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of BHP Group by 42.5% in the second quarter. CIBC Private Wealth Group LLC now owns 253,258 shares of the mining company’s stock valued at $14,715,000 after purchasing an additional 75,484 shares during the period. Cibc Bank USA acquired a new position in shares of BHP Group in the second quarter valued at approximately $222,000. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of BHP Group by 8.6% in the second quarter. Kornitzer Capital Management Inc. KS now owns 17,035 shares of the mining company’s stock valued at $990,000 after purchasing an additional 1,350 shares during the period. 3.61% of the stock is currently owned by institutional investors and hedge funds.

BHP has been the topic of a number of recent research reports. JPMorgan Chase & Co. raised BHP Group from an “underweight” rating to a “neutral” rating in a report on Friday, July 12th. Citigroup lowered BHP Group from a “buy” rating to a “neutral” rating in a report on Wednesday, May 1st. UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, ValuEngine lowered BHP Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the stock. BHP Group has an average rating of “Hold” and an average target price of $64.00.



BHP stock traded up $0.01 on Thursday, reaching $49.18. 184,157 shares of the company’s stock were exchanged, compared to its average volume of 1,858,427. The company has a fifty day moving average of $55.55. BHP Group Ltd has a twelve month low of $43.19 and a twelve month high of $59.02. The company has a market cap of $79.08 billion, a price-to-earnings ratio of 14.62, a PEG ratio of 2.72 and a beta of 0.82. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.16 and a current ratio of 2.55.

About BHP Group

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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

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