Strong Tower Advisory Services Has $3.08 Million Stock Position in BHP Group Limited (NYSE:BHP)

Strong Tower Advisory Services lifted its holdings in BHP Group Limited (NYSE:BHP - Free Report) by 90.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,439 shares of the mining company's stock after purchasing an additional 30,118 shares during the quarter. Strong Tower Advisory Services' holdings in BHP Group were worth $3,079,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of BHP. Sterling Capital Management LLC boosted its position in BHP Group by 1.4% in the 4th quarter. Sterling Capital Management LLC now owns 13,856 shares of the mining company's stock worth $677,000 after purchasing an additional 195 shares in the last quarter. Invesco Ltd. grew its position in BHP Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 11,150 shares of the mining company's stock valued at $544,000 after acquiring an additional 198 shares in the last quarter. Kovack Advisors Inc. grew its position in shares of BHP Group by 5.2% during the fourth quarter. Kovack Advisors Inc. now owns 4,353 shares of the mining company's stock worth $213,000 after buying an additional 215 shares in the last quarter. Passumpsic Savings Bank lifted its stake in BHP Group by 7.1% during the fourth quarter. Passumpsic Savings Bank now owns 4,873 shares of the mining company's stock worth $238,000 after purchasing an additional 325 shares during the last quarter. Finally, Coldstream Capital Management Inc. lifted its stake in BHP Group by 6.9% in the fourth quarter. Coldstream Capital Management Inc. now owns 5,151 shares of the mining company's stock valued at $252,000 after buying an additional 332 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Price Performance

BHP Group stock traded up $1.01 during trading hours on Thursday, hitting $50.11. 1,372,162 shares of the stock were exchanged, compared to its average volume of 2,540,525. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21. The stock has a market capitalization of $127.07 billion, a P/E ratio of 11.39 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.25 and a current ratio of 1.70. The business's 50-day moving average is $47.69 and its two-hundred day moving average is $49.42.

Wall Street Analyst Weigh In

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

About BHP Group

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.