BHP Group Limited (NYSE:BHP) Shares Bought by Strong Tower Advisory Services

Strong Tower Advisory Services grew its position in shares of BHP Group Limited (NYSE:BHP) by 8.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,321 shares of the mining company’s stock after purchasing an additional 2,601 shares during the quarter. Strong Tower Advisory Services’ holdings in BHP Group were worth $1,627,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in BHP. Eastern Bank purchased a new stake in shares of BHP Group in the third quarter valued at about $26,000. Sound Income Strategies LLC raised 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 acquiring an additional 294 shares during the last quarter. Versant Capital Management Inc purchased a new stake in BHP Group during 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 $50,000. Finally, Viking Fund Management LLC raised its position in 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 buying an additional 420 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Stock Performance

BHP stock opened at $50.06 on Monday. BHP Group Limited has a 52 week low of $48.06 and a 52 week 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. The company’s 50-day moving average price is $50.87 and its 200 day moving average price is $54.21.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on BHP. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group cut their target price 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. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.