Naples Global Advisors LLC Buys 659 Shares of BHP Group Limited (NYSE:BHP)

Naples Global Advisors LLC raised its stake in BHP Group Limited (NYSE:BHP) by 13.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,502 shares of the mining company’s stock after purchasing an additional 659 shares during the period. Naples Global Advisors LLC’s holdings in BHP Group were worth $269,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of BHP. Eastern Bank bought a new position in shares of BHP Group during the 3rd quarter worth about $26,000. Versant Capital Management Inc bought a new position in shares of BHP Group during the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA bought a new position in shares of BHP Group during the 4th quarter worth about $46,000. Farmers & Merchants Investments Inc. bought a new position in shares of BHP Group during the 3rd quarter worth about $50,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of BHP Group during the 4th quarter worth about $54,000. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

Shares of BHP opened at $51.57 on Friday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The firm’s 50 day moving average price is $49.93 and its two-hundred day moving average price is $53.26. The firm has a market cap of $130.78 billion, a P/E ratio of 11.56 and a beta of 0.95.

Analysts Set New Price Targets

BHP has been the subject of several analyst reports. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group cut their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average 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.