Blue Trust Inc. Has $1.10 Million Stock Position in BHP Group Limited (NYSE:BHP)

Blue Trust Inc. grew its position in BHP Group Limited (NYSE:BHP - Free Report) by 46.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 22,469 shares of the mining company's stock after acquiring an additional 7,174 shares during the period. Blue Trust Inc.'s holdings in BHP Group were worth $1,097,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of BHP. Kingswood Wealth Advisors LLC boosted its stake in shares of BHP Group by 15.2% during the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,171 shares of the mining company's stock valued at $204,000 after purchasing an additional 551 shares in the last quarter. Jamison Private Wealth Management Inc. boosted its position in BHP Group by 1.0% during the 4th quarter. Jamison Private Wealth Management Inc. now owns 80,185 shares of the mining company's stock worth $3,915,000 after buying an additional 825 shares during the period. First Citizens Bank & Trust Co. grew its holdings in BHP Group by 10.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 4,273 shares of the mining company's stock worth $209,000 after acquiring an additional 395 shares during the last quarter. Crossmark Global Holdings Inc. increased its position in BHP Group by 8.1% in the 4th quarter. Crossmark Global Holdings Inc. now owns 166,840 shares of the mining company's stock valued at $8,147,000 after acquiring an additional 12,566 shares during the period. Finally, Royal Fund Management LLC raised its stake in shares of BHP Group by 7.2% during the fourth quarter. Royal Fund Management LLC now owns 18,844 shares of the mining company's stock valued at $921,000 after acquiring an additional 1,261 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. StockNews.com cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research note on Friday. Jefferies Financial Group decreased their price target on BHP Group from $57.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has an average rating of "Moderate Buy" and an average price target of $53.00.

BHP Group Price Performance

NYSE BHP traded down $0.63 during mid-day trading on Friday, reaching $49.12. 1,949,405 shares of the stock were exchanged, compared to its average volume of 2,275,983. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a one year low of $48.06 and a one year high of $63.21. The stock has a 50 day simple moving average of $50.28 and a 200-day simple moving average of $53.59.

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.