BHP Group Limited (NYSE:BHP) Shares Bought by Petredis Investment Advisors LLC

Petredis Investment Advisors LLC grew its holdings in BHP Group Limited (NYSE:BHP) by 1.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,510 shares of the mining company’s stock after buying an additional 813 shares during the quarter. Petredis Investment Advisors LLC’s holdings in BHP Group were worth $3,180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Kingsview Wealth Management LLC lifted its holdings in BHP Group by 7.3% during the fourth quarter. Kingsview Wealth Management LLC now owns 14,000 shares of the mining company’s stock valued at $684,000 after purchasing an additional 949 shares in the last quarter. Entropy Technologies LP purchased a new position in BHP Group in the 4th quarter valued at about $800,000. Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the 4th quarter worth about $54,000. MADDEN SECURITIES Corp purchased a new stake in BHP Group during the 4th quarter worth approximately $1,001,000. Finally, Essex Financial Services Inc. increased its stake in BHP Group by 15.0% during the 4th quarter. Essex Financial Services Inc. now owns 6,498 shares of the mining company’s stock worth $317,000 after buying an additional 850 shares in the last quarter. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of BHP Group stock opened at $50.16 on Tuesday. The business’s 50 day moving average price is $47.77 and its 200 day moving average price is $49.33. The company has a market cap of $127.20 billion, a price-to-earnings ratio of 11.40 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a one year low of $39.73 and a one year high of $63.21.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on BHP. Clarkson Capital raised BHP Group to a “strong-buy” rating in a research note on Friday, February 28th. Wall Street Zen lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein downgraded shares of BHP Group from an “outperform” rating to a “market perform” rating in a research note on Monday, May 19th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $53.00.

About BHP Group

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.