Fmr LLC Has $89.09 Million Position in BHP Group Limited (NYSE:BHP)

Fmr LLC grew its holdings in shares of BHP Group Limited (NYSE:BHP) by 10.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,434,417 shares of the mining company’s stock after buying an additional 129,908 shares during the quarter. Fmr LLC’s holdings in BHP Group were worth $89,092,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Eastern Bank bought a new stake in BHP Group during the third quarter worth about $26,000. Asset Dedication LLC raised its stake in BHP Group by 7,516.7% in the second quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after buying an additional 451 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in shares of BHP Group in the second quarter valued at approximately $27,000. Sound Income Strategies LLC increased its holdings in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after acquiring an additional 294 shares during the last quarter. Finally, Addison Advisors LLC raised its stake in BHP Group by 1,187.0% in the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock valued at $34,000 after acquiring an additional 546 shares during the period. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Price Performance

BHP stock opened at $52.20 on Friday. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11. The company’s 50-day simple moving average is $55.88 and its 200 day simple moving average is $56.01. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

Wall Street Analysts Forecast Growth

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

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.