Union Bancaire Privee UBP SA Takes $46,000 Position in BHP Group Limited (NYSE:BHP)

Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group Limited (NYSE:BHP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 975 shares of the mining company’s stock, valued at approximately $46,000.

Other hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of BHP Group by 269.6% during the second quarter. AQR Capital Management LLC now owns 28,358 shares of the mining company’s stock valued at $1,619,000 after buying an additional 20,685 shares during the period. Creative Planning lifted its stake in shares of BHP Group by 18.6% during the 2nd quarter. Creative Planning now owns 152,943 shares of the mining company’s stock worth $8,732,000 after acquiring an additional 23,965 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in BHP Group by 70.3% during the 2nd quarter. NewEdge Advisors LLC now owns 74,424 shares of the mining company’s stock valued at $4,249,000 after acquiring an additional 30,714 shares during the period. Sunbelt Securities Inc. grew its position in BHP Group by 79.4% in the 2nd quarter. Sunbelt Securities Inc. now owns 3,830 shares of the mining company’s stock valued at $219,000 after acquiring an additional 1,695 shares during the last quarter. Finally, Granite Bay Wealth Management LLC purchased a new stake in BHP Group in the second quarter worth $366,000. 3.79% of the stock is currently owned by institutional investors.

BHP Group Price Performance

NYSE:BHP opened at $48.80 on Thursday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The company has a 50-day moving average of $50.46 and a 200 day moving average of $53.72. BHP Group Limited has a 1-year low of $48.06 and a 1-year high of $63.21.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BHP. Jefferies Financial Group cut their price target on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. StockNews.com lowered shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Three investment 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.

About BHP Group

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.