Entropy Technologies LP Invests $800,000 in BHP Group Limited (NYSE:BHP)

Entropy Technologies LP purchased a new position in BHP Group Limited (NYSE:BHP) during the fourth quarter, HoldingsChannel reports. The firm purchased 16,390 shares of the mining company’s stock, valued at approximately $800,000.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group cut their target price on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research 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 issued a strong buy rating to the stock. According to MarketBeat.com, BHP Group has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Price Performance

Shares of NYSE BHP opened at $50.19 on Wednesday. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21. The business has a fifty day moving average price of $50.04 and a 200 day moving average price of $53.32. 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 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.