BHP Group Limited (NYSE:BHP) Stake Boosted by Moody National Bank Trust Division

Moody National Bank Trust Division lifted its stake in shares of BHP Group Limited (NYSE:BHP - Free Report) by 95.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,014 shares of the mining company's stock after purchasing an additional 7,812 shares during the quarter. Moody National Bank Trust Division's holdings in BHP Group were worth $777,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sierra Ocean LLC bought a new stake in shares of BHP Group during the fourth quarter valued at about $29,000. Union Bancaire Privee UBP SA bought a new stake in shares of BHP Group during the fourth quarter valued at about $46,000. Allianz SE bought a new stake in shares of BHP Group during the fourth quarter valued at about $51,000. Headlands Technologies LLC bought a new stake in shares of BHP Group during the fourth quarter valued at about $53,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of BHP Group during the fourth quarter valued at about $54,000. 3.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Wall Street Zen cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Clarkson Capital upgraded shares of BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Finally, Sanford C. Bernstein cut shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday, May 19th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, BHP Group has a consensus rating of "Buy" and an average price target of $53.00.

BHP Group Price Performance

BHP Group stock traded down $0.25 during midday trading on Friday, hitting $49.02. The company's stock had a trading volume of 2,279,790 shares, compared to its average volume of 2,545,616. The stock's 50-day moving average price is $47.71 and its 200-day moving average price is $49.46. The company has a market capitalization of $124.30 billion, a PE ratio of 11.14 and a beta of 0.86. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40.

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.