BHP Group Limited (NYSE:BHP) Shares Acquired by Tidal Investments LLC

Tidal Investments LLC lifted its holdings in shares of BHP Group Limited (NYSE:BHP - Free Report) by 21.8% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 141,455 shares of the mining company's stock after acquiring an additional 25,342 shares during the period. Tidal Investments LLC's holdings in BHP Group were worth $8,786,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Asset Dedication LLC grew its position in BHP Group by 7,516.7% during the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company's stock worth $26,000 after purchasing an additional 451 shares during the last quarter. Eastern Bank purchased a new stake in shares of BHP Group during the third quarter valued at $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group in the 2nd quarter valued at $27,000. Sound Income Strategies LLC raised its stake in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company's stock worth $33,000 after acquiring an additional 294 shares during the last quarter. Finally, Addison Advisors LLC grew its stake in BHP Group by 1,187.0% during the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company's stock valued at $34,000 after purchasing an additional 546 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company's stock.

BHP Group Stock Performance

Shares of NYSE:BHP traded down $0.82 during trading on Friday, hitting $51.63. 1,551,309 shares of the stock traded hands, compared to its average volume of 2,436,729. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. The company has a fifty day moving average price of $54.98 and a two-hundred day moving average price of $55.76. BHP Group Limited has a 52-week low of $50.90 and a 52-week high of $69.11.

Analyst Upgrades and Downgrades

A number of research firms recently commented on BHP. StockNews.com raised BHP Group from a "buy" rating to a "strong-buy" rating in a report on Tuesday, November 26th. Argus upgraded shares of BHP Group to a "strong-buy" rating in a research note on Thursday, September 19th. Jefferies Financial Group lowered shares of BHP Group from a "buy" rating to a "hold" rating and cut their price objective for the stock from $72.00 to $68.00 in a research note on Friday, October 4th. Finally, Sanford C. Bernstein upgraded shares of BHP Group from a "market perform" rating to an "outperform" rating in a research report on Monday, September 16th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $68.00.

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.