Range Financial Group LLC Acquires Shares of 26,645 BHP Group Limited (NYSE:BHP)

Range Financial Group LLC acquired a new stake in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 26,645 shares of the mining company's stock, valued at approximately $1,301,000.

Other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new position in BHP Group in the 4th quarter valued at about $40,000. JPMorgan Chase & Co. boosted its stake in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock valued at $37,271,000 after purchasing an additional 55,095 shares during the period. Franklin Resources Inc. grew its holdings in shares of BHP Group by 17.4% in the third quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company's stock valued at $18,807,000 after purchasing an additional 46,791 shares in the last quarter. Peapack Gladstone Financial Corp increased its stake in BHP Group by 13.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company's stock worth $3,695,000 after buying an additional 6,863 shares during the period. Finally, Synovus Financial Corp lifted its holdings in BHP Group by 18.7% during the 3rd quarter. Synovus Financial Corp now owns 7,423 shares of the mining company's stock worth $461,000 after buying an additional 1,168 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on BHP shares. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 26th. Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday. Finally, Sanford C. Bernstein upgraded BHP Group from a "market perform" rating to an "outperform" rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Stock Down 0.6 %

Shares of BHP stock traded down $0.27 on Tuesday, reaching $48.22. 1,800,067 shares of the stock were exchanged, compared to its average volume of 2,541,617. BHP Group Limited has a twelve month low of $48.10 and a twelve month high of $66.13. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The company has a market capitalization of $122.27 billion, a price-to-earnings ratio of 10.44 and a beta of 0.95. The business's 50 day moving average price is $51.97 and its 200 day moving average price is $54.63.

BHP Group Company Profile

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.