Wetherby Asset Management Inc. Acquires 386 Shares of BHP Group Ltd (NYSE:BHP)

Wetherby Asset Management Inc. boosted its holdings in shares of BHP Group Ltd (NYSE:BHP) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 36,911 shares of the mining company’s stock after buying an additional 386 shares during the period. Wetherby Asset Management Inc.’s holdings in BHP Group were worth $2,145,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vigilant Capital Management LLC bought a new stake in BHP Group during the second quarter valued at $29,000. Massey Quick Simon & CO. LLC bought a new stake in BHP Group during the first quarter valued at $38,000. Rehmann Capital Advisory Group boosted its stake in BHP Group by 31.4% during the first quarter. Rehmann Capital Advisory Group now owns 783 shares of the mining company’s stock valued at $43,000 after buying an additional 187 shares during the period. Financial Gravity Wealth Inc. bought a new stake in BHP Group during the first quarter valued at $44,000. Finally, Meridian Wealth Management LLC bought a new stake in BHP Group during the first quarter valued at $55,000. 3.65% of the stock is owned by institutional investors.

BHP stock traded down $1.74 during mid-day trading on Monday, hitting $50.31. 300,835 shares of the stock were exchanged, compared to its average volume of 1,658,859. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.55 and a quick ratio of 2.16. The firm’s fifty day simple moving average is $56.91. BHP Group Ltd has a 12 month low of $43.19 and a 12 month high of $59.02. The company has a market cap of $81.36 billion, a PE ratio of 14.99, a price-to-earnings-growth ratio of 2.66 and a beta of 0.82.

Several equities research analysts recently issued reports on BHP shares. Zacks Investment Research raised BHP Group from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research note on Tuesday, April 9th. ValuEngine lowered BHP Group from a “hold” rating to a “sell” rating in a research note on Thursday. UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. JPMorgan Chase & Co. raised BHP Group from an “underweight” rating to a “neutral” rating in a research note on Friday, July 12th. Finally, Citigroup lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 1st. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $64.00.

About BHP Group

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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