MADDEN SECURITIES Corp Acquires New Holdings in BHP Group Limited (NYSE:BHP)

MADDEN SECURITIES Corp bought a new position in BHP Group Limited (NYSE:BHP) in the 4th quarter, HoldingsChannel reports. The fund bought 20,500 shares of the mining company’s stock, valued at approximately $1,001,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Valeo Financial Advisors LLC boosted its position in shares of BHP Group by 10.7% during the third quarter. Valeo Financial Advisors LLC now owns 7,439 shares of the mining company’s stock worth $462,000 after buying an additional 719 shares during the period. Sound Income Strategies LLC raised its stake in BHP Group by 124.6% during the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares in the last quarter. Viking Fund Management LLC raised its stake in BHP Group by 72.4% during the 3rd quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock valued at $62,000 after acquiring an additional 420 shares in the last quarter. Willis Investment Counsel grew its stake in shares of BHP Group by 0.3% in the third quarter. Willis Investment Counsel now owns 412,446 shares of the mining company’s stock worth $25,617,000 after purchasing an additional 1,275 shares in the last quarter. Finally, Grove Bank & Trust grew its stake in shares of BHP Group by 27.8% in the third quarter. Grove Bank & Trust now owns 1,616 shares of the mining company’s stock worth $100,000 after purchasing an additional 352 shares in the last quarter. Institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

BHP has been the topic of a number of recent analyst reports. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group dropped their price target on shares of 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 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 data from MarketBeat.com, BHP Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Up 0.9 %

Shares of BHP stock opened at $50.82 on Tuesday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. The business’s fifty day moving average is $50.08 and its 200-day moving average is $53.35. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21.

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.