Ballentine Partners LLC Has $675,000 Stake in BHP Group Limited (NYSE:BHP)

Ballentine Partners LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 85.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,815 shares of the mining company’s stock after acquiring an additional 6,359 shares during the quarter. Ballentine Partners LLC’s holdings in BHP Group were worth $675,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Eastern Bank acquired a new position in shares of BHP Group in the third quarter valued at $26,000. Sound Income Strategies LLC grew its stake in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the last quarter. Versant Capital Management Inc bought a new position in BHP Group in the 4th quarter valued at about $40,000. Farmers & Merchants Investments Inc. acquired a new stake in BHP Group during the third quarter worth approximately $50,000. Finally, Viking Fund Management LLC boosted its holdings in shares of BHP Group by 72.4% during the third quarter. Viking Fund Management LLC now owns 1,000 shares of the mining company’s stock worth $62,000 after acquiring an additional 420 shares during the period. Institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Jefferies Financial Group lowered their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research note on Monday, January 6th. StockNews.com downgraded BHP Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, January 18th. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

BHP Group Stock Down 2.1 %

Shares of BHP stock opened at $49.08 on Thursday. The stock has a 50 day simple moving average of $50.75 and a 200 day simple moving average of $54.04. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. 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 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.