Strategic Global Advisors LLC Purchases 9,812 Shares of BHP Group Limited (NYSE:BHP)

Strategic Global Advisors LLC grew its stake in BHP Group Limited (NYSE:BHP - Free Report) by 55.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 27,497 shares of the mining company's stock after purchasing an additional 9,812 shares during the period. Strategic Global Advisors LLC's holdings in BHP Group were worth $1,343,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new position in BHP Group in the 4th quarter valued at approximately $29,000. Union Bancaire Privee UBP SA purchased a new stake in BHP Group during the 4th quarter valued at approximately $46,000. Allianz SE acquired a new stake in shares of BHP Group during the fourth quarter worth $51,000. Headlands Technologies LLC acquired a new position in shares of BHP Group during the fourth quarter worth about $53,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of BHP Group in the 4th quarter valued at approximately $54,000. Hedge funds and other institutional investors own 3.79% of the company's stock.

BHP Group Stock Up 1.0%

Shares of NYSE:BHP traded up $0.51 during midday trading on Friday, hitting $49.66. The stock had a trading volume of 824,718 shares, compared to its average volume of 2,875,957. The company has a market cap of $125.93 billion, a P/E ratio of 11.29 and a beta of 0.86. The company has a quick ratio of 1.25, a current ratio of 1.70 and a debt-to-equity ratio of 0.40. The business's 50-day simple moving average is $47.74 and its 200-day simple moving average is $49.72. BHP Group Limited has a 12 month low of $39.73 and a 12 month high of $63.21.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein lowered shares of BHP Group from an "outperform" rating to a "market perform" rating in a research report on Monday. Wall Street Zen cut shares of BHP Group from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, February 19th. Finally, Clarkson Capital raised BHP Group to a "strong-buy" rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $53.00.

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.