BHP Group Limited (NYSE:BHP) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in BHP Group Limited (NYSE:BHP - Free Report) by 114.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,559 shares of the mining company's stock after purchasing an additional 38,692 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in BHP Group were worth $3,543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in BHP. Sierra Ocean LLC bought a new stake in shares of BHP Group in the 4th quarter valued at about $29,000. Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group in the 4th quarter valued at approximately $46,000. Allianz SE acquired a new stake in shares of BHP Group during the fourth quarter worth $51,000. Headlands Technologies LLC purchased a new stake in BHP Group in the fourth quarter valued at approximately $53,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group during the fourth quarter worth $54,000. 3.79% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on BHP. Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Wall Street Zen lowered BHP Group from a "strong-buy" rating to a "buy" rating in a report on Wednesday, February 19th. Finally, Sanford C. Bernstein cut BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, BHP Group currently has an average rating of "Buy" and a consensus target price of $53.00.

BHP Group Price Performance

Shares of BHP Group stock traded up $0.69 during trading hours on Thursday, reaching $49.79. The stock had a trading volume of 2,427,779 shares, compared to its average volume of 2,544,528. BHP Group Limited has a twelve month low of $39.73 and a twelve month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.25 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $126.25 billion, a PE ratio of 11.32 and a beta of 0.86. The stock's 50 day moving average is $47.69 and its 200 day moving average is $49.42.

BHP Group 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.