BXM Wealth LLC Makes New $286,000 Investment in BHP Group Limited (NYSE:BHP)

BXM Wealth LLC purchased a new position in BHP Group Limited (NYSE:BHP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,847 shares of the mining company's stock, valued at approximately $286,000.

A number of other institutional investors have also bought and sold shares of the business. Fisher Asset Management LLC increased its stake in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company's stock worth $1,362,996,000 after buying an additional 633,290 shares in the last quarter. Wellington Management Group LLP increased its stake in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company's stock worth $348,041,000 after buying an additional 642,765 shares in the last quarter. FMR LLC increased its stake in BHP Group by 10.0% in the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company's stock worth $89,092,000 after buying an additional 129,908 shares in the last quarter. XY Capital Ltd increased its stake in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company's stock worth $57,245,000 after buying an additional 768,972 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in BHP Group by 10.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company's stock worth $37,271,000 after buying an additional 55,095 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Down 1.6 %

Shares of NYSE:BHP traded down $0.84 during trading on Wednesday, reaching $51.10. The company's stock had a trading volume of 2,746,438 shares, compared to its average volume of 2,433,198. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The firm's 50 day simple moving average is $49.86 and its two-hundred day simple moving average is $53.18.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on BHP shares. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $53.00.

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.