Navellier & Associates Inc. bought a new position in  BHP Group Limited (NYSE:BHP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 40,651 shares of the mining company's stock, valued at approximately $2,284,000.

Several other large investors have also bought and sold shares of the company. Fisher Asset Management LLC boosted its position in shares of  BHP Group by 116.7% in the 1st quarter. Fisher Asset Management LLC now owns 16,904,899 shares of the mining company's stock worth $1,305,903,000 after purchasing an additional 9,102,674 shares in the last quarter.  Arrowstreet Capital Limited Partnership raised its holdings in  BHP Group by 119.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,338,797 shares of the mining company's stock worth $798,672,000 after acquiring an additional 5,632,545 shares during the last quarter.  Dimensional Fund Advisors LP raised its holdings in  BHP Group by 136.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,937,000 shares of the mining company's stock worth $226,884,000 after acquiring an additional 1,696,427 shares during the last quarter.  State Farm Mutual Automobile Insurance Co. purchased a new position in  BHP Group in the 1st quarter worth approximately $104,205,000.  Finally, Franklin Resources Inc. raised its holdings in  BHP Group by 53.7% in the 2nd quarter. Franklin Resources Inc. now owns 2,302,142 shares of the mining company's stock worth $129,334,000 after acquiring an additional 804,469 shares during the last quarter. 6.53% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

BHP has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price objective on shares of BHP Group from GBX 2,310 ($27.31) to GBX 2,330 ($27.55) in a report on Thursday, October 20th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of BHP Group from GBX 2,100 ($24.83) to GBX 2,200 ($26.01) in a report on Wednesday. Credit Suisse Group boosted their target price on shares of BHP Group from GBX 2,200 ($26.01) to GBX 2,300 ($27.20) in a research note on Wednesday, August 17th. Barclays boosted their target price on shares of BHP Group from GBX 2,200 ($26.01) to GBX 2,250 ($26.61) in a research note on Friday, October 21st. Finally, StockNews.com upgraded shares of BHP Group from a "buy" rating to a "strong-buy" rating in a research note on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one  has issued  a strong buy rating to the company's stock. According to MarketBeat, BHP Group currently has a consensus rating of "Hold" and an average target price of $1,913.20.

BHP Group Trading Up 0.1 %

Shares of BHP stock traded up $0.03 during mid-day trading on Wednesday, reaching $58.78. 85,018 shares of the company's stock traded hands, compared to its average volume of 4,477,057. The company has a current ratio of 1.69, a quick ratio of 1.40 and a debt-to-equity ratio of 0.28. The firm has a 50 day moving average price of $51.70 and a two-hundred day moving average price of $55.64. BHP Group Limited has a 12 month low of $46.92 and a 12 month high of $79.66.

BHP Group Company Profile

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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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

Further Reading

• Get a free copy of the StockNews.com research report on BHP Group (BHP)

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