Enterprise Financial Services Corp boosted its holdings in BHP Group Ltd (NYSE:BHP) by 156.9% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,530 shares of the mining company’s stock after buying an additional 1,545 shares during the quarter. Enterprise Financial Services Corp’s holdings in BHP Group were worth $138,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in BHP. Millennium Management LLC boosted its stake in BHP Group by 405.6% in the fourth quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock valued at $88,844,000 after buying an additional 1,475,921 shares in the last quarter. LMR Partners LLP boosted its stake in shares of BHP Group by 544.5% during the fourth quarter. LMR Partners LLP now owns 1,690,965 shares of the mining company’s stock valued at $81,593,000 after purchasing an additional 1,428,611 shares in the last quarter. Maven Securities LTD acquired a new stake in shares of BHP Group during the fourth quarter valued at about $61,559,000. Norges Bank acquired a new stake in shares of BHP Group during the fourth quarter valued at about $31,842,000. Finally, Segantii Capital Management Ltd boosted its stake in shares of BHP Group by 1,008.6% during the first quarter. Segantii Capital Management Ltd now owns 283,800 shares of the mining company’s stock valued at $15,474,000 after purchasing an additional 258,200 shares in the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.
Shares of BHP Group stock traded down $0.58 during midday trading on Wednesday, reaching $51.76. The company had a trading volume of 1,195,701 shares, compared to its average volume of 2,108,698. 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 has a market cap of $83.70 billion, a P/E ratio of 15.40, a P/E/G ratio of 2.61 and a beta of 0.77. BHP Group Ltd has a fifty-two week low of $43.19 and a fifty-two week high of $57.25.
A number of analysts have recently commented on the company. Zacks Investment Research raised BHP Group from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a research note on Tuesday, March 26th. UBS Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, April 22nd. Macquarie reissued a “buy” rating on shares of BHP Group in a research note on Tuesday, March 26th. Citigroup lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 1st. Finally, Goldman Sachs Group lowered BHP Group from a “buy” rating to a “neutral” rating in a research note on Monday, February 11th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. BHP Group currently 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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