Royal Fund Management LLC Increases Position in BHP Group Limited (NYSE:BHP)

Royal Fund Management LLC increased its position in BHP Group Limited (NYSE:BHP) by 7.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,844 shares of the mining company’s stock after acquiring an additional 1,261 shares during the period. Royal Fund Management LLC’s holdings in BHP Group were worth $921,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday. Jefferies Financial Group dropped 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, January 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Trading Up 0.2 %

Shares of BHP Group stock opened at $50.17 on Wednesday. The firm has a 50-day simple moving average of $50.80 and a two-hundred day simple moving average of $54.11. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

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.