Investors Purchase Large Volume of Put Options on BHP Group (NYSE:BHP)

BHP Group (NYSE:BHP) was the target of unusually large options trading on Wednesday. Stock investors acquired 5,798 put options on the company. This represents an increase of approximately 865% compared to the typical daily volume of 601 put options.

Several large investors have recently made changes to their positions in BHP. Freedman Financial Associates Inc. acquired a new position in shares of BHP Group in the 4th quarter valued at about $25,000. Eudaimonia Partners LLC acquired a new position in shares of BHP Group in the 4th quarter valued at about $25,000. SOA Wealth Advisors LLC. acquired a new position in shares of BHP Group in the 4th quarter valued at about $26,000. Fort Pitt Capital Group LLC acquired a new position in shares of BHP Group in the 4th quarter valued at about $27,000. Finally, First Horizon Corp acquired a new position in shares of BHP Group in the 1st quarter valued at about $31,000.

NYSE BHP opened at $75.74 on Thursday. 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 company has a 50-day moving average of $74.15. BHP Group has a 12 month low of $46.90 and a 12 month high of $82.07.

A number of equities research analysts recently weighed in on the company. UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 30th. Deutsche Bank Aktiengesellschaft restated a “hold” rating on shares of BHP Group in a research report on Tuesday, June 29th. Barclays restated an “overweight” rating on shares of BHP Group in a research report on Monday, July 5th. They noted that the move was a valuation call. BMO Capital Markets upgraded BHP Group from a “market perform” rating to an “outperform” rating in a research report on Wednesday, June 30th. Finally, Liberum Capital lowered BHP Group from a “hold” rating to a “sell” rating in a research report on Friday, July 2nd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. BHP Group presently has an average rating of “Buy” and an average target price of $1,140.50.

BHP Group Company Profile

BHP Group Ltd. engages in the exploration, development, production and processing of iron ore, metallurgical coal and copper. It operates through the following segments: Petroleum, Copper, Iron Ore and Coal. The Petroleum segment explores, develops and produces oil and gas. The Copper segment refers to the mining of copper, silver, lead, zinc, molybdenum, uranium and gold.

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