Cypress Capital Management LLC Has $2.47 Million Holdings in BHP Group Ltd (BHP)

Cypress Capital Management LLC raised its stake in BHP Group Ltd (NYSE:BHP) by 2.3% in the 1st quarter, HoldingsChannel reports. The fund owned 45,155 shares of the mining company’s stock after buying an additional 1,000 shares during the quarter. Cypress Capital Management LLC’s holdings in BHP Group were worth $2,469,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BHP. Synovus Financial Corp increased its stake in shares of BHP Group by 10.1% in the 4th quarter. Synovus Financial Corp now owns 2,422 shares of the mining company’s stock valued at $117,000 after purchasing an additional 222 shares during the last quarter. Bronfman E.L. Rothschild L.P. increased its stake in shares of BHP Group by 16.3% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 1,589 shares of the mining company’s stock valued at $77,000 after purchasing an additional 223 shares during the last quarter. Simmons Bank increased its stake in shares of BHP Group by 2.1% in the 4th quarter. Simmons Bank now owns 15,460 shares of the mining company’s stock valued at $747,000 after purchasing an additional 318 shares during the last quarter. Lourd Capital LLC increased its stake in shares of BHP Group by 5.7% in the 4th quarter. Lourd Capital LLC now owns 6,489 shares of the mining company’s stock valued at $313,000 after purchasing an additional 351 shares during the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of BHP Group by 59.5% in the 4th quarter. Cornerstone Advisors Inc. now owns 962 shares of the mining company’s stock valued at $46,000 after purchasing an additional 359 shares during the last quarter. 3.81% of the stock is owned by hedge funds and other institutional investors.

BHP has been the topic of several recent analyst reports. UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Citigroup lowered BHP Group from a “buy” rating to a “neutral” rating in a research report on Wednesday, May 1st. CLSA lowered BHP Group from an “outperform” rating to an “underperform” rating in a research report on Thursday, February 7th. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research report on Tuesday, April 9th. Finally, Macquarie restated a “buy” rating on shares of BHP Group in a research report on Tuesday, March 26th. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. BHP Group has a consensus rating of “Hold” and a consensus price target of $64.00.

BHP stock traded down $0.07 during midday trading on Wednesday, reaching $51.18. 333,194 shares of the stock were exchanged, compared to its average volume of 1,540,714. The firm has a market capitalization of $81.83 billion, a P/E ratio of 15.23, a P/E/G ratio of 2.54 and a beta of 0.77. BHP Group Ltd has a 52 week low of $43.19 and a 52 week high of $57.25. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43.

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BHP Group Company Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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

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