Eqis Capital Management Inc. Purchases 2,163 Shares of BHP Group (NYSE:BHP)

Eqis Capital Management Inc. increased its position in shares of BHP Group (NYSE:BHP) by 26.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,312 shares of the mining company’s stock after purchasing an additional 2,163 shares during the quarter. Eqis Capital Management Inc.’s holdings in BHP Group were worth $533,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vestmark Advisory Solutions Inc. lifted its holdings in shares of BHP Group by 13.4% in the third quarter. Vestmark Advisory Solutions Inc. now owns 5,361 shares of the mining company’s stock worth $277,000 after acquiring an additional 632 shares during the last quarter. FMR LLC grew its position in shares of BHP Group by 15.6% during the 2nd quarter. FMR LLC now owns 5,196,152 shares of the mining company’s stock worth $258,405,000 after buying an additional 701,464 shares during the period. Chronos Wealth Management LLC grew its position in shares of BHP Group by 6.3% during the 3rd quarter. Chronos Wealth Management LLC now owns 5,925 shares of the mining company’s stock worth $306,000 after buying an additional 350 shares during the period. LSV Asset Management grew its position in shares of BHP Group by 112.0% during the 2nd quarter. LSV Asset Management now owns 84,800 shares of the mining company’s stock worth $4,217,000 after buying an additional 44,800 shares during the period. Finally, Envestnet Asset Management Inc. grew its position in shares of BHP Group by 7.1% during the 3rd quarter. Envestnet Asset Management Inc. now owns 102,354 shares of the mining company’s stock worth $5,293,000 after buying an additional 6,751 shares during the period.

Shares of NYSE:BHP opened at $53.70 on Friday. The company has a current ratio of 1.45, a quick ratio of 1.17 and a debt-to-equity ratio of 0.42. The stock’s fifty day simple moving average is $51.38 and its two-hundred day simple moving average is $50.89. BHP Group has a 1-year low of $29.78 and a 1-year high of $58.35. The stock has a market cap of $86.24 billion, a PE ratio of 15.00, a price-to-earnings-growth ratio of 2.84 and a beta of 0.98.

BHP has been the topic of a number of recent research reports. Credit Suisse Group upgraded BHP Group from a “neutral” rating to an “outperform” rating in a report on Wednesday, September 30th. Zacks Investment Research cut BHP Group from a “buy” rating to a “hold” rating and set a $54.00 target price on the stock. in a report on Tuesday, November 10th. Jefferies Financial Group upgraded BHP Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of BHP Group in a report on Tuesday, September 15th. Finally, The Goldman Sachs Group upgraded BHP Group from a “neutral” rating to a “buy” rating in a report on Monday, September 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $54.00.

BHP Group Company Profile

BHP Group engages in the natural resources business in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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