601 Shares in BHP Group Limited (NYSE:BHP) Acquired by Sierra Ocean LLC

Sierra Ocean LLC acquired a new position in shares of BHP Group Limited (NYSE:BHP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 601 shares of the mining company’s stock, valued at approximately $29,000.

A number of other hedge funds have also recently made changes to their positions in BHP. XY Capital Ltd boosted its position in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares during the period. Wellington Management Group LLP boosted its position in shares of BHP Group by 13.0% during the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares during the period. Fisher Asset Management LLC boosted its position in shares of BHP Group by 3.0% during the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the period. Mediolanum International Funds Ltd purchased a new position in shares of BHP Group during the 3rd quarter worth approximately $33,458,000. Finally, International Assets Investment Management LLC boosted its position in shares of BHP Group by 6,281.5% during the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock worth $276,180,000 after purchasing an additional 437,696 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 0.7 %

Shares of NYSE:BHP opened at $51.93 on Wednesday. The company’s fifty day moving average price is $49.89 and its 200 day moving average price is $53.19. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. Jefferies Financial Group decreased their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Three research 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 company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

About BHP Group

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.