Alpha Cubed Investments LLC Has $20.36 Million Stock Position in BHP Group Ltd (NYSE:BHP)

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Alpha Cubed Investments LLC raised its holdings in shares of BHP Group Ltd (NYSE:BHP) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 350,317 shares of the mining company’s stock after acquiring an additional 33,197 shares during the quarter. BHP Group makes up 2.4% of Alpha Cubed Investments LLC’s investment portfolio, making the stock its 9th largest holding. Alpha Cubed Investments LLC’s holdings in BHP Group were worth $20,357,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vigilant Capital Management LLC bought a new stake in BHP Group in the second quarter valued at $29,000. Massey Quick Simon & CO. LLC bought a new stake in shares of BHP Group during the first quarter worth $38,000. Rehmann Capital Advisory Group grew its holdings in shares of BHP Group by 31.4% during the first quarter. Rehmann Capital Advisory Group now owns 783 shares of the mining company’s stock worth $43,000 after purchasing an additional 187 shares during the last quarter. Financial Gravity Wealth Inc. bought a new stake in shares of BHP Group during the first quarter worth $44,000. Finally, Meridian Wealth Management LLC bought a new stake in shares of BHP Group during the first quarter worth $55,000. Institutional investors and hedge funds own 3.61% of the company’s stock.

BHP has been the topic of several research analyst reports. UBS Group cut BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. ValuEngine downgraded BHP Group from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. Citigroup downgraded BHP Group from a “buy” rating to a “neutral” rating in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. upgraded BHP Group from an “underweight” rating to a “neutral” rating in a research note on Friday, July 12th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $64.00.

Shares of NYSE BHP opened at $49.30 on Friday. The company has a quick ratio of 2.16, a current ratio of 2.55 and a debt-to-equity ratio of 0.43. The business has a fifty day moving average price of $55.37 and a two-hundred day moving average price of $53.91. BHP Group Ltd has a fifty-two week low of $43.19 and a fifty-two week high of $59.02.

BHP Group Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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

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