Bridge Creek Capital Management LLC Grows Stock Position in BHP Group Limited (NYSE:BHP)

Bridge Creek Capital Management LLC lifted its position in shares of BHP Group Limited (NYSE:BHP) by 2.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 49,284 shares of the mining company’s stock after purchasing an additional 985 shares during the period. Bridge Creek Capital Management LLC’s holdings in BHP Group were worth $2,407,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Eastern Bank purchased a new position in BHP Group in the 3rd quarter valued at about $26,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of BHP Group in the second quarter worth about $27,000. Sound Income Strategies LLC grew its stake in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after purchasing an additional 294 shares in the last quarter. Versant Capital Management Inc acquired a new stake in BHP Group during the 4th quarter valued at approximately $40,000. Finally, Farmers & Merchants Investments Inc. purchased a new stake in BHP Group during the 3rd quarter worth approximately $50,000. 3.79% of the stock is currently owned by hedge funds and other institutional investors.

BHP Group Price Performance

Shares of NYSE:BHP traded up $0.74 on Monday, reaching $49.28. 1,384,425 shares of the company traded hands, compared to its average volume of 2,297,042. 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 fifty-two week low of $48.06 and a fifty-two week high of $63.21. The stock has a market capitalization of $124.96 billion, a PE ratio of 10.67 and a beta of 0.95. The company’s 50 day moving average is $51.53 and its 200-day moving average is $54.46.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on BHP shares. Sanford C. Bernstein upgraded shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. 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. Argus upgraded BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Finally, StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Friday. Three 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.