Westfield Capital Management Co. LP acquired a new position in shares of BHP Group Ltd (NYSE:BHP) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 57,780 shares of the mining company’s stock, valued at approximately $3,159,000.
Several other large investors also recently bought and sold shares of BHP. Lazard Asset Management LLC increased its holdings in shares of BHP Group by 273.7% during the 1st quarter. Lazard Asset Management LLC now owns 2,540,159 shares of the mining company’s stock worth $138,870,000 after purchasing an additional 1,860,489 shares during the period. Millennium Management LLC increased its holdings in shares of BHP Group by 405.6% during the 4th quarter. Millennium Management LLC now owns 1,839,804 shares of the mining company’s stock worth $88,844,000 after purchasing an additional 1,475,921 shares during the period. LMR Partners LLP increased its holdings in shares of BHP Group by 544.5% during the 4th quarter. LMR Partners LLP now owns 1,690,965 shares of the mining company’s stock worth $81,593,000 after purchasing an additional 1,428,611 shares during the period. Maven Securities LTD bought a new position in shares of BHP Group during the 4th quarter worth about $61,559,000. Finally, Neuberger Berman Group LLC bought a new position in shares of BHP Group during the 1st quarter worth about $56,537,000. Institutional investors own 3.59% of the company’s stock.
Shares of BHP Group stock opened at $54.97 on Friday. The company has a current ratio of 2.55, a quick ratio of 2.16 and a debt-to-equity ratio of 0.43. BHP Group Ltd has a twelve month low of $43.19 and a twelve month high of $57.25. The stock has a market cap of $88.28 billion, a PE ratio of 16.36, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75.
BHP has been the topic of several research reports. Zacks Investment Research upgraded shares of BHP Group from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, April 9th. Macquarie restated a “buy” rating on shares of BHP Group in a report on Tuesday, March 26th. Societe Generale downgraded shares of BHP Group from a “buy” rating to a “hold” rating in a report on Thursday, March 7th. Citigroup downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Wednesday, May 1st. Finally, UBS Group downgraded shares of BHP Group from a “buy” rating to a “neutral” rating in a report on Monday, April 22nd. Three analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $64.00.
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About BHP Group
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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