Blue Trust Inc. Acquires 7,174 Shares of BHP Group Limited (NYSE:BHP)

Blue Trust Inc. raised its position in BHP Group Limited (NYSE:BHP) by 46.9% in the 4th quarter, HoldingsChannel reports. The fund owned 22,469 shares of the mining company’s stock after purchasing 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 Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in BHP. Eastern Bank acquired a new position in BHP Group in the 3rd quarter valued at approximately $26,000. Sound Income Strategies LLC raised its holdings in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares in the last quarter. Versant Capital Management Inc acquired a new position in BHP Group in the 4th quarter valued at approximately $40,000. Farmers & Merchants Investments Inc. acquired a new position in BHP Group in the 3rd quarter valued at approximately $50,000. Finally, Viking Fund Management LLC raised its holdings in BHP Group by 72.4% in the 3rd quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock valued at $62,000 after acquiring an additional 420 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on BHP. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Jefferies Financial Group dropped their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Stock Down 2.4 %

Shares of BHP opened at $48.72 on Wednesday. The stock has a 50 day simple moving average of $50.54 and a 200-day simple moving average of $53.79. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. 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 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.