Farmers & Merchants Investments Inc. Buys New Position in BHP Group Limited (NYSE:BHP)

Farmers & Merchants Investments Inc. bought a new position in BHP Group Limited (NYSE:BHP) during the 1st quarter, HoldingsChannel.com reports. The fund bought 777 shares of the mining company’s stock, valued at approximately $45,000.

Several other institutional investors have also made changes to their positions in the company. Eagle Bay Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at approximately $28,000. Rise Advisors LLC purchased a new position in BHP Group during the first quarter valued at approximately $29,000. Montag A & Associates Inc. purchased a new position in BHP Group during the fourth quarter valued at approximately $38,000. Viking Fund Management LLC purchased a new position in BHP Group during the first quarter valued at approximately $33,000. Finally, Frazier Financial Advisors LLC purchased a new position in BHP Group during the fourth quarter valued at approximately $42,000. 3.79% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have commented on the stock. Liberum Capital reissued a “hold” rating on shares of BHP Group in a research report on Tuesday, March 5th. Barclays reissued an “equal weight” rating on shares of BHP Group in a research report on Thursday, May 30th. Finally, Citigroup initiated coverage on shares of BHP Group in a research report on Friday, May 31st. They issued a “buy” rating for the company. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, BHP Group presently has an average rating of “Hold” and an average target price of $50.00.

BHP Group Price Performance

Shares of BHP Group stock traded down $0.40 on Tuesday, reaching $57.31. The stock had a trading volume of 829,733 shares, compared to its average volume of 2,465,002. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $69.11. The business’s 50-day moving average price is $57.94 and its two-hundred day moving average price is $59.76. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.57 and a quick ratio of 1.22.

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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.