BHP Group Limited (NYSE:BHP) Shares Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC grew its stake in BHP Group Limited (NYSE:BHP) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,500 shares of the mining company’s stock after purchasing an additional 202 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in BHP Group were worth $1,570,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Fisher Asset Management LLC grew its position in shares of BHP Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after purchasing an additional 589,317 shares during the period. Dimensional Fund Advisors LP grew its position in shares of BHP Group by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company’s stock valued at $302,625,000 after purchasing an additional 168,875 shares during the period. Wellington Management Group LLP grew its position in shares of BHP Group by 46.6% in the fourth quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock valued at $299,847,000 after purchasing an additional 1,395,940 shares during the period. Norges Bank acquired a new stake in shares of BHP Group in the fourth quarter valued at about $191,837,000. Finally, Westwood Global Investments LLC grew its position in shares of BHP Group by 1.3% in the first quarter. Westwood Global Investments LLC now owns 1,168,988 shares of the mining company’s stock valued at $67,439,000 after purchasing an additional 14,691 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Trading Down 0.3 %

BHP stock traded down $0.18 during trading on Tuesday, reaching $53.38. 979,222 shares of the stock were exchanged, compared to its average volume of 2,425,207. 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 business has a 50 day moving average price of $56.58 and a 200-day moving average price of $57.81. BHP Group Limited has a 1 year low of $51.73 and a 1 year high of $69.11. The firm has a market capitalization of $135.21 billion, a price-to-earnings ratio of 10.30, a P/E/G ratio of 3.45 and a beta of 0.98.

Analysts Set New Price Targets

Several research firms have recently weighed in on BHP. Citigroup began coverage on shares of BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, BHP Group currently has a consensus rating of “Hold” and an average target price of $50.00.

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.