Jeppson Wealth Management LLC Trims Stake in BHP Group Limited (NYSE:BHP)

Jeppson Wealth Management LLC reduced its stake in BHP Group Limited (NYSE:BHP) by 1.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 35,430 shares of the mining company’s stock after selling 441 shares during the period. Jeppson Wealth Management LLC’s holdings in BHP Group were worth $1,730,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Bleakley Financial Group LLC grew its stake in BHP Group by 4.1% during the 3rd quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after purchasing an additional 203 shares in the last quarter. Huntington National Bank lifted its holdings in BHP Group by 17.5% during the 3rd quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after buying an additional 203 shares during the last quarter. Essex Savings Bank increased its holdings in shares of BHP Group by 3.0% in the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after acquiring an additional 219 shares during the last quarter. Pinnacle West Asset Management Inc. raised its position in shares of BHP Group by 2.8% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock worth $506,000 after acquiring an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% in the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock valued at $373,000 after purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

BHP stock opened at $49.89 on Tuesday. The company has a fifty day moving average price of $50.59 and a 200 day moving average price of $53.85. 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 12 month low of $48.06 and a 12 month high of $63.21.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Jefferies Financial Group cut their target price 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 issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average 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.