Range Financial Group LLC Raises Stock Holdings in BHP Group Limited (NYSE:BHP)

Range Financial Group LLC lifted its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 39.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,245 shares of the mining company's stock after purchasing an additional 10,600 shares during the quarter. Range Financial Group LLC's holdings in BHP Group were worth $1,808,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Deutsche Bank AG lifted its position in BHP Group by 160.0% in the 4th quarter. Deutsche Bank AG now owns 1,950 shares of the mining company's stock worth $95,000 after buying an additional 1,200 shares during the last quarter. Principal Securities Inc. lifted its position in BHP Group by 15.4% in the 4th quarter. Principal Securities Inc. now owns 7,809 shares of the mining company's stock worth $381,000 after buying an additional 1,043 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in BHP Group by 15.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,382 shares of the mining company's stock worth $702,000 after buying an additional 1,959 shares during the last quarter. Rhumbline Advisers lifted its position in BHP Group by 3.4% in the 4th quarter. Rhumbline Advisers now owns 18,846 shares of the mining company's stock worth $920,000 after buying an additional 628 shares during the last quarter. Finally, Pacific Heights Asset Management LLC lifted its position in BHP Group by 56.3% in the 4th quarter. Pacific Heights Asset Management LLC now owns 250,000 shares of the mining company's stock worth $12,208,000 after buying an additional 90,000 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

Analysts Set New Price Targets

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

BHP Group Price Performance

BHP opened at $49.57 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. BHP Group Limited has a 52-week low of $39.73 and a 52-week high of $63.21. The stock has a market capitalization of $125.70 billion, a PE ratio of 11.27 and a beta of 0.82. The stock's 50 day moving average price is $47.73 and its 200-day moving average price is $49.34.

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.

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