Entropy Technologies LP Buys New Shares in BHP Group Limited (NYSE:BHP)

Entropy Technologies LP bought a new position in shares of BHP Group Limited (NYSE:BHP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,390 shares of the mining company's stock, valued at approximately $800,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bleakley Financial Group LLC boosted its position in BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company's stock worth $317,000 after purchasing an additional 203 shares in the last quarter. Huntington National Bank boosted its position in BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock worth $85,000 after purchasing an additional 203 shares in the last quarter. Essex Savings Bank boosted its position in BHP Group by 3.0% during the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock worth $365,000 after purchasing an additional 219 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its position in BHP Group by 2.8% during the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company's stock worth $506,000 after purchasing an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in BHP Group by 4.6% during the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock worth $373,000 after purchasing an additional 263 shares in the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

Shares of NYSE BHP traded down $0.26 during midday trading on Friday, hitting $51.57. The stock had a trading volume of 2,832,252 shares, compared to its average volume of 2,318,036. The stock has a 50 day simple moving average of $49.94 and a 200-day simple moving average of $53.24. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. StockNews.com downgraded BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 31st. Jefferies Financial Group decreased their target price on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a research report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $53.00.

BHP Group Company Profile

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.