Csenge Advisory Group Takes Position in BHP Group Ltd (BHP)

Csenge Advisory Group acquired a new position in shares of BHP Group Ltd (NYSE:BHP) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 12,927 shares of the mining company’s stock, valued at approximately $706,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of BHP Group by 0.5% during the 4th quarter. Bank of America Corp DE now owns 5,098,965 shares of the mining company’s stock worth $246,230,000 after purchasing an additional 26,000 shares during the last quarter. Millennium Management LLC lifted its position in shares of BHP Group by 405.6% during the 4th quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock worth $88,844,000 after purchasing an additional 1,475,921 shares during the last quarter. LMR Partners LLP lifted its position in shares of BHP Group by 544.5% during the 4th quarter. LMR Partners LLP now owns 1,690,965 shares of the mining company’s stock worth $81,593,000 after purchasing an additional 1,428,611 shares during the last quarter. Maven Securities LTD purchased a new stake in shares of BHP Group during the 4th quarter worth $61,559,000. Finally, Two Sigma Advisers LP lifted its position in BHP Group by 45.3% in the fourth quarter. Two Sigma Advisers LP now owns 780,100 shares of the mining company’s stock valued at $37,671,000 after acquiring an additional 243,300 shares during the last quarter. 3.81% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 12th. Jefferies Financial Group raised shares of BHP Group from a “hold” rating to a “buy” rating in a research report on Monday, January 28th. Goldman Sachs Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, February 19th. Societe Generale cut shares of BHP Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 7th. Finally, JPMorgan Chase & Co. cut shares of BHP Group from a “neutral” rating to an “underweight” rating in a research report on Monday, February 4th. They noted that the move was a valuation call. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. BHP Group presently has an average rating of “Hold” and a consensus target price of $64.00.

Shares of BHP opened at $52.07 on Friday. BHP Group Ltd has a 1-year low of $43.19 and a 1-year high of $57.25. The firm has a market capitalization of $83.62 billion, a P/E ratio of 15.50, a P/E/G ratio of 2.61 and a beta of 0.77. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16.

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BHP Group Profile

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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