Ingalls & Snyder LLC lowered its position in shares of BHP Group Limited (NYSE:BHP - Free Report) by 12.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 69,133 shares of the mining company's stock after selling 9,836 shares during the period. Ingalls & Snyder LLC's holdings in BHP Group were worth $3,376,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Eastern Bank purchased a new position in BHP Group in the 3rd quarter worth approximately $26,000. Farmers & Merchants Investments Inc. bought a new position in BHP Group in the third quarter valued at $50,000. Versant Capital Management Inc purchased a new stake in BHP Group during the fourth quarter valued at about $40,000. Union Bancaire Privee UBP SA bought a new stake in BHP Group during the fourth quarter worth about $46,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in shares of BHP Group in the 4th quarter worth about $54,000. Institutional investors own 3.79% of the company's stock.
Wall Street Analyst Weigh In
A number of equities analysts recently weighed in on the company. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a "hold" rating on the stock in a report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $53.00.
View Our Latest Stock Report on BHP Group
BHP Group Price Performance
BHP stock traded down $0.26 during trading on Friday, hitting $51.57. 2,832,252 shares of the company traded hands, compared to its average volume of 2,318,036. The company has a 50-day moving average of $49.94 and a 200-day moving average of $53.23. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21.
About BHP Group
(
Free Report)
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.
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