MADDEN SECURITIES Corp Buys Shares of 20,500 BHP Group Limited (NYSE:BHP)

MADDEN SECURITIES Corp purchased a new stake in shares of BHP Group Limited (NYSE:BHP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 20,500 shares of the mining company's stock, valued at approximately $1,001,000.

A number of other hedge funds also recently bought and sold shares of BHP. Bleakley Financial Group LLC boosted its position in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company's stock valued at $317,000 after acquiring an additional 203 shares in the last quarter. Huntington National Bank boosted its position in BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company's stock valued at $85,000 after acquiring an additional 203 shares in the last quarter. Essex Savings Bank boosted its position in BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company's stock valued at $365,000 after acquiring an additional 219 shares in the last quarter. Pinnacle West Asset Management Inc. boosted its position in BHP Group by 2.8% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company's stock valued at $506,000 after acquiring an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its position in BHP Group by 4.6% during the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company's stock valued at $373,000 after acquiring an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Jefferies Financial Group dropped their price target 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. StockNews.com cut BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Friday, January 31st. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, BHP Group currently has an average rating of "Moderate Buy" and a consensus target price of $53.00.

BHP Group Stock Down 0.5 %

BHP stock traded down $0.26 during midday trading on Friday, hitting $51.57. The company's stock had a trading volume of 2,832,252 shares, compared to its average volume of 2,439,072. BHP Group Limited has a 12 month low of $48.06 and a 12 month 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. The firm's 50-day moving average is $49.93 and its 200-day moving average is $53.26.

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.