Abel Hall LLC Takes Position in BHP Group Limited (NYSE:BHP)

Abel Hall LLC purchased a new stake in BHP Group Limited (NYSE:BHP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,275 shares of the mining company’s stock, valued at approximately $224,000.

A number of other hedge funds have also made changes to their positions in the company. Fisher Asset Management LLC increased its position in shares of BHP Group by 3.1% in the fourth quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock valued at $1,359,518,000 after buying an additional 589,317 shares in the last quarter. Morgan Stanley increased its position in BHP Group by 2.8% during the 3rd quarter. Morgan Stanley now owns 4,695,563 shares of the mining company’s stock worth $267,084,000 after purchasing an additional 126,643 shares in the last quarter. Dimensional Fund Advisors LP increased its position in BHP Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company’s stock worth $302,625,000 after purchasing an additional 168,875 shares in the last quarter. Wellington Management Group LLP increased its position in BHP Group by 44.7% during the 3rd quarter. Wellington Management Group LLP now owns 2,993,564 shares of the mining company’s stock worth $170,274,000 after purchasing an additional 924,202 shares in the last quarter. Finally, Norges Bank purchased a new stake in BHP Group during the 4th quarter worth about $191,837,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on BHP shares. Barclays reissued an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup started coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating on the stock. Liberum Capital reissued a “hold” rating on shares of BHP Group in a research note on Tuesday, March 5th. Finally, StockNews.com lowered BHP Group from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.00.

BHP Group Trading Down 0.9 %

Shares of NYSE BHP traded down $0.52 during midday trading on Friday, hitting $56.83. The stock had a trading volume of 2,218,491 shares, compared to its average volume of 2,301,506. BHP Group Limited has a 1-year low of $54.28 and a 1-year high of $69.11. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.22 and a current ratio of 1.57. The company has a fifty day moving average price of $58.34 and a 200 day moving average price of $60.14.

BHP Group 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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.