BHP Group Limited (NYSE:BHP) Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC reduced its holdings in shares of BHP Group Limited (NYSE:BHP) by 12.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,133 shares of the mining company’s stock after selling 9,836 shares during the period. Ingalls & Snyder LLC’s holdings in BHP Group were worth $3,376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in BHP. Bleakley Financial Group LLC boosted its stake in shares of BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after buying an additional 203 shares during the last quarter. Huntington National Bank raised its holdings in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after acquiring an additional 203 shares during the last quarter. Essex Savings Bank increased its holdings in shares of BHP Group by 3.0% in the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after purchasing an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. increased its holdings in shares of BHP Group by 2.8% in the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock valued at $506,000 after purchasing an additional 225 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its holdings in shares of BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

BHP Group Stock Performance

BHP opened at $50.69 on Thursday. BHP Group Limited has a twelve month low of $48.06 and a twelve month high of $63.21. The business’s 50 day moving average is $49.98 and its 200-day moving average is $53.29. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group reduced their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.