Hennion & Walsh Asset Management Inc. Grows Stock Holdings in BHP Group Limited (NYSE:BHP)

Hennion & Walsh Asset Management Inc. increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 0.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,813 shares of the mining company’s stock after purchasing an additional 266 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in BHP Group were worth $2,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. Eagle Bay Advisors LLC acquired a new position in BHP Group in the 4th quarter worth about $28,000. Rise Advisors LLC purchased a new stake in BHP Group in the 1st quarter worth $29,000. Viking Fund Management LLC acquired a new position in BHP Group during the first quarter worth $33,000. Montag A & Associates Inc. purchased a new position in BHP Group during the fourth quarter valued at $38,000. Finally, Frazier Financial Advisors LLC acquired a new stake in shares of BHP Group in the fourth quarter valued at about $42,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on BHP. Citigroup assumed coverage on shares of BHP Group in a research report on Friday, May 31st. They set a “buy” rating for the company. Liberum Capital restated a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Finally, Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $50.00.

BHP Group Stock Performance

BHP traded up $0.35 during trading on Friday, reaching $57.09. The company’s stock had a trading volume of 1,610,524 shares, compared to its average volume of 2,069,802. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The firm has a fifty day simple moving average of $57.94 and a two-hundred day simple moving average of $59.81. BHP Group Limited has a 1 year low of $54.28 and a 1 year high of $69.11.

BHP Group Profile

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.