12. RESPONSIBLE CONSUMPTION AND PRODUCTION

Truist Financial Corp Purchases 40170 Shares of BHP Group Limited (NYSE:BHP) – Defense World

Written by Amanda

Truist Financial Corp Purchases 40170 Shares of BHP Group Limited (NYSE:BHP)  Defense World

Truist Financial Corp boosted its position in BHP Group Limited (NYSE:BHPGet Rating) by 55.1% in the first quarter, Holdings Channel.com reports. The firm owned 113,081 shares of the mining company’s stock after buying an additional 40,170 shares during the quarter. Truist Financial Corp’s holdings in BHP Group were worth $8,735,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Exchange Traded Concepts LLC bought a new position in BHP Group in the fourth quarter worth $27,000. First PREMIER Bank purchased a new stake in shares of BHP Group in the fourth quarter worth $29,000. Holloway Wealth Management LLC purchased a new stake in shares of BHP Group in the first quarter worth $29,000. Tyler Stone Wealth Management purchased a new stake in shares of BHP Group in the fourth quarter worth $40,000. Finally, Ahrens Investment Partners LLC purchased a new stake in shares of BHP Group in the fourth quarter worth $41,000. Institutional investors and hedge funds own 6.73% of the company’s stock.

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group assumed coverage on BHP Group in a research note on Wednesday, June 1st. They issued a “buy” rating on the stock. BMO Capital Markets dropped their price objective on BHP Group from GBX 3,200 ($38.06) to GBX 3,000 ($35.68) in a research report on Wednesday, June 1st. HSBC assumed coverage on BHP Group in a research report on Friday, March 18th. They set a “hold” rating on the stock. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, JPMorgan Chase & Co. dropped their price objective on BHP Group from GBX 2,590 ($30.80) to GBX 2,510 ($29.85) in a research report on Tuesday, July 5th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,706.42.

Shares of BHP opened at $50.19 on Wednesday. The business’s 50 day moving average is $62.02 and its 200 day moving average is $66.61. BHP Group Limited has a 12-month low of $50.01 and a 12-month high of $80.50. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.92 and a quick ratio of 1.71.

About BHP Group (Get Rating)

BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. It operates through Petroleum, Copper, Iron Ore, and Coal segments. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.

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Want to see what other hedge funds are holding BHP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for BHP Group Limited (NYSE:BHPGet Rating).

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

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Source: defenseworld.net

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Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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