R Squared Ltd Makes New $317,000 Investment in BHP Group Limited (NYSE:BHP)

R Squared Ltd acquired a new stake in shares of BHP Group Limited (NYSE:BHP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 6,490 shares of the mining company’s stock, valued at approximately $317,000.

A number of other institutional investors and hedge funds have also made changes to their positions in BHP. Eastern Bank bought a new position in shares of BHP Group in the third quarter worth $26,000. Sound Income Strategies LLC grew its position in 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. Farmers & Merchants Investments Inc. acquired a new position in BHP Group during the 3rd quarter valued at about $50,000. Versant Capital Management Inc bought a new stake in shares of BHP Group during the 4th quarter worth about $40,000. Finally, Union Bancaire Privee UBP SA bought a new position in shares of BHP Group in the fourth quarter valued at approximately $46,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Down 2.4 %

Shares of NYSE:BHP opened at $48.72 on Wednesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The company has a 50 day moving average price of $50.54 and a 200 day moving average price of $53.79. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21.

Analyst Ratings Changes

Several brokerages recently commented on BHP. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Jefferies Financial Group cut their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. Three equities research 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. According to MarketBeat, BHP Group has an average rating of “Moderate Buy” and an average 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.