Range Financial Group LLC Acquires Shares of 26,645 BHP Group Limited (NYSE:BHP)

Range Financial Group LLC bought a new position in BHP Group Limited (NYSE:BHP) in the 4th quarter, HoldingsChannel reports. The fund bought 26,645 shares of the mining company’s stock, valued at approximately $1,301,000.

Other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp lifted its position in BHP Group by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 131,296 shares of the mining company’s stock valued at $7,496,000 after purchasing an additional 3,005 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of BHP Group during the second quarter worth approximately $47,000. National Bank of Canada FI grew its holdings in BHP Group by 3.8% in the 2nd quarter. National Bank of Canada FI now owns 123,871 shares of the mining company’s stock worth $7,135,000 after buying an additional 4,547 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in BHP Group by 13.3% in the 2nd quarter. Cullen Frost Bankers Inc. now owns 3,810 shares of the mining company’s stock valued at $218,000 after acquiring an additional 446 shares during the period. Finally, Asset Dedication LLC raised its stake in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares in the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Down 0.6 %

Shares of NYSE:BHP traded down $0.27 during midday trading on Tuesday, hitting $48.22. 1,800,067 shares of the stock were exchanged, compared to its average volume of 2,541,569. The business’s fifty day simple moving average is $52.14 and its two-hundred day simple moving average is $54.69. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 52-week low of $48.10 and a 52-week high of $66.13. The company has a market capitalization of $122.27 billion, a PE ratio of 10.44 and a beta of 0.95.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, Jefferies Financial Group cut their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, BHP Group presently has an average rating of “Moderate Buy” and an average price target of $53.00.

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