Ingalls & Snyder LLC Grows Stock Holdings in BHP Group Limited (NYSE:BHP)

Ingalls & Snyder LLC lifted its holdings in BHP Group Limited (NYSE:BHP) by 11.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 78,969 shares of the mining company’s stock after acquiring an additional 8,175 shares during the period. Ingalls & Snyder LLC’s holdings in BHP Group were worth $4,905,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in BHP. Pinnacle West Asset Management Inc. grew its position in BHP Group by 2.6% in the second quarter. Pinnacle West Asset Management Inc. now owns 7,925 shares of the mining company’s stock valued at $452,000 after acquiring an additional 200 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in BHP Group by 0.7% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 27,500 shares of the mining company’s stock worth $1,570,000 after buying an additional 202 shares in the last quarter. Bleakley Financial Group LLC boosted its position in BHP Group by 4.1% in the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after buying an additional 203 shares during the last quarter. Huntington National Bank grew its stake 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 in the last quarter. Finally, Moody Lynn & Lieberson LLC increased its position in shares of BHP Group by 1.1% during the second quarter. Moody Lynn & Lieberson LLC now owns 19,208 shares of the mining company’s stock worth $1,097,000 after acquiring an additional 208 shares during the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 0.4 %

Shares of NYSE BHP traded up $0.21 during midday trading on Tuesday, hitting $53.06. The company’s stock had a trading volume of 417,654 shares, compared to its average volume of 2,445,511. 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 $50.90 and a 1-year high of $69.11. The firm’s fifty day moving average price is $56.28 and its 200-day moving average price is $56.17.

Analyst Ratings Changes

BHP has been the subject of a number of analyst reports. Jefferies Financial Group downgraded BHP Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $72.00 to $68.00 in a report on Friday, October 4th. Argus raised shares of BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Finally, StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, BHP Group has an average rating of “Moderate Buy” and a consensus price target of $68.00.

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.