BHP Group Limited (NYSE:BHP) Shares Bought by Essex Financial Services Inc.

Essex Financial Services Inc. raised its stake in BHP Group Limited (NYSE:BHP) by 15.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,498 shares of the mining company’s stock after purchasing an additional 850 shares during the period. Essex Financial Services Inc.’s holdings in BHP Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. MADDEN SECURITIES Corp acquired a new stake in BHP Group in the 4th quarter valued at about $1,001,000. Newbridge Financial Services Group Inc. acquired a new stake in BHP Group in the 4th quarter valued at about $54,000. Entropy Technologies LP acquired a new stake in BHP Group in the 4th quarter valued at about $800,000. Kingsview Wealth Management LLC raised its position in BHP Group by 7.3% in the 4th quarter. Kingsview Wealth Management LLC now owns 14,000 shares of the mining company’s stock valued at $684,000 after purchasing an additional 949 shares in the last quarter. Finally, Redwood Wealth Management Group LLC raised its position in shares of BHP Group by 6.7% during the 4th quarter. Redwood Wealth Management Group LLC now owns 5,324 shares of the mining company’s stock worth $260,000 after acquiring an additional 335 shares in the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

BHP Group stock opened at $51.90 on Friday. 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 1-year low of $48.06 and a 1-year high of $63.21. The stock’s 50 day moving average price is $49.94 and its 200 day moving average price is $53.27.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BHP. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.