Grove Bank & Trust Lowers Stock Holdings in BHP Group Limited (NYSE:BHP)

Grove Bank & Trust lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 27.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,173 shares of the mining company’s stock after selling 443 shares during the quarter. Grove Bank & Trust’s holdings in BHP Group were worth $57,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Eastern Bank acquired a new stake in BHP Group in the third quarter valued at about $26,000. Sound Income Strategies LLC increased its stake in shares of BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock worth $33,000 after purchasing an additional 294 shares in the last quarter. Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $50,000. Versant Capital Management Inc purchased a new position in shares of BHP Group during the 4th quarter worth approximately $40,000. Finally, Viking Fund Management LLC increased its stake in shares of BHP Group by 72.4% during the 3rd quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock worth $62,000 after purchasing an additional 420 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analyst Weigh In

BHP has been the subject of a number of recent research reports. Jefferies Financial Group dropped their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Up 1.0 %

Shares of NYSE BHP opened at $50.06 on Tuesday. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The firm has a fifty day moving average of $50.87 and a 200-day moving average of $54.17. 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.