Tidal Investments LLC Boosts Stock Holdings in BHP Group Limited (NYSE:BHP)

Tidal Investments LLC boosted its position in BHP Group Limited (NYSE:BHP) by 21.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 141,455 shares of the mining company’s stock after acquiring an additional 25,342 shares during the quarter. Tidal Investments LLC’s holdings in BHP Group were worth $8,786,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in BHP. Asset Dedication LLC increased its holdings in BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after purchasing an additional 451 shares in the last quarter. Eastern Bank acquired a new position in BHP Group in the third quarter worth $26,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of BHP Group during the 2nd quarter valued at about $27,000. Sound Income Strategies LLC boosted its stake in BHP Group by 124.6% in the third quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares during the period. Finally, Addison Advisors LLC lifted its holdings in shares of BHP Group by 1,187.0% in the 2nd quarter. Addison Advisors LLC now owns 592 shares of the mining company’s stock worth $34,000 after purchasing an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 2.1 %

Shares of NYSE:BHP opened at $52.45 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 12 month low of $50.90 and a 12 month high of $69.11. The stock’s 50 day moving average price is $54.98 and its 200 day moving average price is $55.76.

Wall Street Analysts Forecast Growth

BHP has been the topic of a number of recent research reports. Argus upgraded BHP Group to a “strong-buy” rating in a research note on Thursday, September 19th. Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Jefferies Financial Group lowered BHP Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $72.00 to $68.00 in a report on Friday, October 4th. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $68.00.

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.