Meridian Wealth Management LLC Invests $294,000 in BHP Group Limited (NYSE:BHP)

Meridian Wealth Management LLC bought a new stake in BHP Group Limited (NYSE:BHP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,734 shares of the mining company’s stock, valued at approximately $294,000.

Other large investors have also added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in shares of BHP Group by 10.7% in the 1st quarter. Russell Investments Group Ltd. now owns 2,934 shares of the mining company’s stock worth $169,000 after purchasing an additional 284 shares in the last quarter. Toronto Dominion Bank boosted its stake in BHP Group by 62.6% in the first quarter. Toronto Dominion Bank now owns 4,115 shares of the mining company’s stock worth $237,000 after buying an additional 1,585 shares in the last quarter. 1832 Asset Management L.P. boosted its stake in BHP Group by 26.5% in the first quarter. 1832 Asset Management L.P. now owns 20,621 shares of the mining company’s stock worth $1,190,000 after buying an additional 4,321 shares in the last quarter. Waverly Advisors LLC grew its position in BHP Group by 534.5% during the first quarter. Waverly Advisors LLC now owns 31,653 shares of the mining company’s stock valued at $1,826,000 after acquiring an additional 26,664 shares during the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in shares of BHP Group during the first quarter worth approximately $720,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the topic of several recent research reports. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Three 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. According to data from MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Trading Up 0.2 %

Shares of BHP Group stock opened at $52.47 on Tuesday. The company’s fifty day simple moving average is $56.44 and its two-hundred day simple moving average is $56.34. BHP Group Limited has a 12-month low of $50.90 and a 12-month high of $69.11. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29.

About BHP Group

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.