WFA Asset Management Corp Invests $31,000 in BHP Group Limited (NYSE:BHP)

WFA Asset Management Corp bought a new position in BHP Group Limited (NYSE:BHP) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 540 shares of the mining company’s stock, valued at approximately $31,000.

Other hedge funds also recently bought and sold shares of the company. Mutual Advisors LLC lifted its position in shares of BHP Group by 4.2% in the third quarter. Mutual Advisors LLC now owns 5,376 shares of the mining company’s stock valued at $306,000 after acquiring an additional 215 shares in the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of BHP Group in the third quarter valued at approximately $2,686,000. Toronto Dominion Bank lifted its position in shares of BHP Group by 48.1% in the third quarter. Toronto Dominion Bank now owns 2,597 shares of the mining company’s stock valued at $148,000 after acquiring an additional 844 shares in the last quarter. Waverly Advisors LLC purchased a new position in shares of BHP Group in the third quarter valued at approximately $240,000. Finally, Glenmede Trust Co. NA increased its holdings in shares of BHP Group by 59.2% in the third quarter. Glenmede Trust Co. NA now owns 10,456 shares of the mining company’s stock valued at $595,000 after purchasing an additional 3,887 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of several recent research reports. Citigroup initiated coverage on BHP Group in a report on Friday, May 31st. They issued a “buy” rating for the company. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Finally, Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $50.00.

BHP Group Trading Up 3.5 %

Shares of NYSE BHP traded up $2.03 during trading on Wednesday, reaching $59.78. The stock had a trading volume of 1,477,817 shares, compared to its average volume of 2,462,580. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. 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’s 50-day moving average price is $57.90 and its 200-day moving average price is $59.65.

About BHP Group

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.