Moors & Cabot Inc. Purchases New Stake in BHP Group Ltd (BHP)

Moors & Cabot Inc. purchased a new position in shares of BHP Group Ltd (NYSE:BHP) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,702 shares of the mining company’s stock, valued at approximately $362,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. D.B. Root & Company LLC lifted its position in BHP Group by 2.7% in the 1st quarter. D.B. Root & Company LLC now owns 21,449 shares of the mining company’s stock valued at $1,173,000 after acquiring an additional 558 shares in the last quarter. Berkeley Capital Partners LLC lifted its position in BHP Group by 21.7% in the 4th quarter. Berkeley Capital Partners LLC now owns 15,657 shares of the mining company’s stock valued at $756,000 after acquiring an additional 2,794 shares in the last quarter. Manning & Napier Group LLC lifted its position in BHP Group by 3.5% in the 1st quarter. Manning & Napier Group LLC now owns 157,182 shares of the mining company’s stock valued at $8,593,000 after acquiring an additional 5,343 shares in the last quarter. Vicus Capital lifted its position in BHP Group by 3.1% in the 4th quarter. Vicus Capital now owns 167,177 shares of the mining company’s stock valued at $8,073,000 after acquiring an additional 5,103 shares in the last quarter. Finally, Financial Insights Inc. bought a new stake in BHP Group in the 4th quarter valued at $298,000. 3.81% of the stock is currently owned by institutional investors.

Shares of BHP stock opened at $52.32 on Tuesday. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43. BHP Group Ltd has a 1 year low of $43.19 and a 1 year high of $57.25. The firm has a market capitalization of $83.52 billion, a price-to-earnings ratio of 15.57, a price-to-earnings-growth ratio of 2.61 and a beta of 0.77.

Several equities research analysts recently commented on BHP shares. CLSA cut shares of BHP Group from an “outperform” rating to an “underperform” rating in a research report on Thursday, February 7th. Macquarie reaffirmed a “buy” rating on shares of BHP Group in a research report on Tuesday, March 26th. Goldman Sachs Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Tuesday, February 19th. Zacks Investment Research upgraded shares of BHP Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 30th. Finally, UBS Group lowered shares of BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $64.00.

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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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