Financial Management Professionals Inc. Increases Stake in BHP Group Limited (NYSE:BHP)

Financial Management Professionals Inc. increased its holdings in BHP Group Limited (NYSE:BHP) by 16.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,502 shares of the mining company’s stock after acquiring an additional 932 shares during the quarter. Financial Management Professionals Inc.’s holdings in BHP Group were worth $317,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank bought a new stake in BHP Group during the third quarter valued at about $26,000. Sound Income Strategies LLC boosted its holdings in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of BHP Group in the 4th quarter worth approximately $40,000. Farmers & Merchants Investments Inc. purchased a new position in shares of BHP Group in the 3rd quarter worth approximately $50,000. Finally, Viking Fund Management LLC lifted its position in BHP Group by 72.4% during the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock valued at $62,000 after acquiring an additional 420 shares during the last quarter. 3.79% of the stock is currently owned by institutional investors.

BHP Group Stock Up 1.0 %

NYSE:BHP opened at $50.06 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The firm has a fifty day simple moving average of $50.87 and a 200-day simple moving average of $54.24. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21.

Analyst Upgrades and Downgrades

Several research firms have issued reports on BHP. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group reduced their target price on 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 given a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.00.

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.