BHP Group Limited (NYSE:BHP) Stake Lifted by Ingalls & Snyder LLC

Ingalls & Snyder LLC raised its stake in BHP Group Limited (NYSE:BHP) by 11.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 78,969 shares of the mining company’s stock after buying an additional 8,175 shares during the quarter. Ingalls & Snyder LLC’s holdings in BHP Group were worth $4,905,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of BHP. Pinnacle West Asset Management Inc. increased its holdings in shares of BHP Group by 2.6% in the 2nd quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock worth $452,000 after acquiring an additional 200 shares during the period. Sequoia Financial Advisors LLC grew its position in BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after purchasing an additional 202 shares during the last quarter. Bleakley Financial Group LLC increased its stake in shares of BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares during the period. Huntington National Bank raised its holdings in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after buying an additional 203 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC boosted its position in shares of BHP Group by 1.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after buying an additional 208 shares during the period. Institutional investors and hedge funds own 3.79% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on BHP. StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Argus raised BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Finally, Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research note on Monday, September 16th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

BHP Group Stock Up 0.4 %

NYSE BHP traded up $0.21 on Tuesday, reaching $53.06. 417,654 shares of the stock traded hands, compared to its average volume of 2,445,511. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The firm’s fifty day simple moving average is $56.28 and its 200 day simple moving average is $56.17.

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.