Parallax Volatility Advisers L.P. Buys New Shares in BHP Group Limited (NYSE:BHP)

Parallax Volatility Advisers L.P. bought a new stake in BHP Group Limited (NYSE:BHPFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,967 shares of the mining company’s stock, valued at approximately $308,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Montreal Can grew its holdings in BHP Group by 532.2% during the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after purchasing an additional 1,981,008 shares during the period. XY Capital Ltd grew its holdings in BHP Group by 503.6% during the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares during the period. Fisher Asset Management LLC boosted its holdings in shares of BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after acquiring an additional 633,290 shares during the period. Mediolanum International Funds Ltd bought a new stake in shares of BHP Group in the third quarter valued at approximately $33,458,000. Finally, International Assets Investment Management LLC raised its position in BHP Group by 6,281.5% during the third quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after purchasing an additional 437,696 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Down 1.5 %

BHP stock opened at $51.40 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 52-week low of $50.90 and a 52-week high of $69.11. The firm has a 50 day moving average price of $55.88 and a 200-day moving average price of $56.01.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on BHP shares. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group lowered shares of BHP Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $68.00.

Check Out Our Latest Analysis on BHP

BHP Group Company Profile

(Free Report)

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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Institutional Ownership by Quarter for BHP Group (NYSE:BHP)

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