Blue Trust Inc. Has $1.10 Million Stock Holdings in BHP Group Limited (NYSE:BHP)

Blue Trust Inc. lifted its stake in shares of BHP Group Limited (NYSE:BHP) by 46.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Eastern Bank acquired a new position in BHP Group during the third quarter valued at $26,000. Sound Income Strategies LLC raised its position in BHP Group by 124.6% during the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the period. Versant Capital Management Inc acquired a new position in BHP Group during the fourth quarter valued at $40,000. Farmers & Merchants Investments Inc. acquired a new position in BHP Group during the third quarter valued at $50,000. Finally, Viking Fund Management LLC raised its position in BHP Group by 72.4% during the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock valued at $62,000 after buying an additional 420 shares during the period. 3.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

BHP has been the topic of several recent analyst reports. Jefferies Financial Group dropped their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, BHP Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Price Performance

Shares of BHP stock opened at $48.72 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The stock’s 50-day moving average is $50.54 and its two-hundred day moving average is $53.79.

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.