Ritholtz Wealth Management Increases Position in BHP Group (NYSE:BHP)

Ritholtz Wealth Management lifted its holdings in BHP Group (NYSE:BHP) by 59.0% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,259 shares of the mining company’s stock after buying an additional 4,547 shares during the period. Ritholtz Wealth Management’s holdings in BHP Group were worth $851,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. SOA Wealth Advisors LLC. bought a new stake in shares of BHP Group in the 4th quarter worth approximately $26,000. Eudaimonia Partners LLC bought a new stake in shares of BHP Group in the 4th quarter worth approximately $25,000. Freedman Financial Associates Inc. bought a new stake in shares of BHP Group in the 4th quarter worth approximately $25,000. Mcmillion Capital Management Inc. bought a new stake in shares of BHP Group in the 4th quarter worth approximately $26,000. Finally, Fort Pitt Capital Group LLC bought a new stake in shares of BHP Group in the 4th quarter worth approximately $27,000.

A number of equities research analysts recently commented on the stock. Zacks Investment Research cut shares of BHP Group from a “strong-buy” rating to a “hold” rating and set a $77.00 price target on the stock. in a report on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft raised shares of BHP Group to a “buy” rating and set a $2,200.00 target price on the stock in a report on Wednesday, May 26th. UBS Group cut shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Tuesday, March 30th. BMO Capital Markets reissued a “market perform” rating on shares of BHP Group in a report on Wednesday, February 17th. Finally, BNP Paribas raised shares of BHP Group from an “underperform” rating to a “neutral” rating in a report on Friday, June 4th. One analyst has rated the stock with a sell rating, ten have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $1,138.50.

BHP Group stock opened at $75.25 on Friday. The company has a market capitalization of $120.85 billion, a PE ratio of 21.02, a P/E/G ratio of 2.75 and a beta of 0.92. BHP Group has a fifty-two week low of $46.90 and a fifty-two week high of $82.07. The stock has a fifty day moving average price of $74.49. The company has a current ratio of 1.42, a quick ratio of 1.09 and a debt-to-equity ratio of 0.36.

About BHP Group

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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