Wilmington Savings Fund Society FSB Buys Shares of 1,839 BHP Group Limited (NYSE:BHP)

Wilmington Savings Fund Society FSB purchased a new position in shares of BHP Group Limited (NYSE:BHP) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,839 shares of the mining company’s stock, valued at approximately $114,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Asset Dedication LLC boosted its stake in BHP Group by 7,516.7% during the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock worth $26,000 after buying an additional 451 shares during the period. Eastern Bank purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $26,000. Ashton Thomas Private Wealth LLC acquired a new stake in BHP Group in the 2nd quarter valued at approximately $27,000. Sound Income Strategies LLC raised its position in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares during the period. Finally, Addison Advisors LLC lifted its stake in BHP Group by 1,187.0% during the second quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after purchasing an additional 546 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

NYSE:BHP opened at $48.94 on Friday. The firm has a market capitalization of $124.10 billion, a PE ratio of 10.59 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The business’s fifty day moving average price is $54.08 and its 200 day moving average price is $55.45. BHP Group Limited has a 12 month low of $48.85 and a 12 month high of $69.11.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Argus raised shares of BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $68.00.

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