BXM Wealth LLC Invests $286,000 in BHP Group Limited (NYSE:BHP)

BXM Wealth LLC bought a new position in shares of BHP Group Limited (NYSE:BHP) during the fourth quarter, Holdings Channel reports. The fund bought 5,847 shares of the mining company’s stock, valued at approximately $286,000.

Several other hedge funds have also modified their holdings of the stock. Eastern Bank purchased a new stake in BHP Group during the third quarter valued at about $26,000. Versant Capital Management Inc acquired a new stake in shares of BHP Group during the fourth quarter valued at approximately $40,000. Union Bancaire Privee UBP SA purchased a new stake in shares of BHP Group in the 4th quarter valued at approximately $46,000. Farmers & Merchants Investments Inc. acquired a new position in BHP Group in the 3rd quarter worth approximately $50,000. Finally, Newbridge Financial Services Group Inc. purchased a new position in BHP Group during the 4th quarter worth approximately $54,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Down 0.5 %

NYSE BHP opened at $51.57 on Friday. 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 1-year low of $48.06 and a 1-year high of $63.21. The firm’s fifty day simple moving average is $49.93 and its 200-day simple moving average is $53.26. The company has a market capitalization of $130.78 billion, a PE ratio of 11.56 and a beta of 0.95.

Analyst Upgrades and Downgrades

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