601 Shares in BHP Group Limited (NYSE:BHP) Bought by Sierra Ocean LLC

Sierra Ocean LLC purchased a new position in shares of BHP Group Limited (NYSE:BHP) during the 4th quarter, Holdings Channel.com reports. The firm purchased 601 shares of the mining company’s stock, valued at approximately $29,000.

A number of other institutional investors also recently bought and sold shares of the business. Hourglass Capital LLC increased its stake in BHP Group by 2.2% in the fourth quarter. Hourglass Capital LLC now owns 79,266 shares of the mining company’s stock valued at $3,871,000 after purchasing an additional 1,700 shares during the period. Principal Securities Inc. increased its stake in BHP Group by 15.4% in the fourth quarter. Principal Securities Inc. now owns 7,809 shares of the mining company’s stock valued at $381,000 after purchasing an additional 1,043 shares during the period. BXM Wealth LLC acquired a new position in BHP Group in the fourth quarter valued at $286,000. Rhumbline Advisers increased its stake in BHP Group by 3.4% in the fourth quarter. Rhumbline Advisers now owns 18,846 shares of the mining company’s stock valued at $920,000 after purchasing an additional 628 shares during the period. Finally, ABC Arbitrage SA acquired a new position in BHP Group in the fourth quarter valued at $7,655,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Stock Up 0.7 %

Shares of BHP Group stock opened at $51.93 on Wednesday. BHP Group Limited has a 52-week low of $48.06 and a 52-week 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. The company’s 50-day simple moving average is $49.89 and its 200-day simple moving average is $53.19.

Analyst Ratings Changes

A number of research analysts have commented on the stock. StockNews.com lowered 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 note on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, BHP Group currently has an average rating of “Moderate Buy” and an average 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.