Ridgewood Investments LLC Raises Stock Holdings in BHP Group Limited (NYSE:BHP)

Ridgewood Investments LLC increased its position in BHP Group Limited (NYSE:BHP) by 136.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,018 shares of the mining company’s stock after purchasing an additional 2,895 shares during the period. Ridgewood Investments LLC’s holdings in BHP Group were worth $245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in BHP. Bank of Montreal Can grew its stake in shares of BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock worth $134,442,000 after acquiring an additional 1,981,008 shares during the last quarter. XY Capital Ltd grew its stake in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after acquiring an additional 642,765 shares during the last quarter. Fisher Asset Management LLC grew its stake in shares of BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after acquiring an additional 633,290 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new stake in shares of BHP Group in the third quarter worth $33,458,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Performance

Shares of NYSE BHP traded down $0.16 during trading on Friday, hitting $48.56. The company had a trading volume of 1,080,997 shares, compared to its average volume of 2,228,244. The stock has a 50 day simple moving average of $51.68 and a 200 day simple moving average of $54.55. 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 Limited has a 12 month low of $48.06 and a 12 month high of $64.04. The firm has a market capitalization of $123.14 billion, a P/E ratio of 10.51 and a beta of 0.95.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on BHP shares. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 26th. Argus raised BHP Group to a “strong-buy” rating in a report 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. Finally, Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus 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.