J2 Capital Management Inc Invests $223,000 in BHP Group Limited (NYSE:BHP)

J2 Capital Management Inc bought a new stake in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,576 shares of the mining company’s stock, valued at approximately $223,000.

Several other institutional investors and hedge funds have also recently modified their holdings of BHP. Bleakley Financial Group LLC raised its position in BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after acquiring an additional 203 shares during the period. Huntington National Bank raised its position in shares of BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after purchasing an additional 203 shares during the last quarter. Essex Savings Bank raised its position in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after purchasing an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. lifted its stake in BHP Group by 2.8% in the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock valued at $506,000 after buying an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after buying an additional 263 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.0 %

BHP opened at $50.06 on Friday. The company’s 50 day simple moving average is $50.87 and its two-hundred day simple moving average is $54.24. BHP Group Limited has a 1-year low of $48.06 and a 1-year 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.

Wall Street Analyst Weigh In

BHP has been the subject of a number of research analyst reports. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group reduced their price objective 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 investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus 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.