Passumpsic Savings Bank Buys 325 Shares of BHP Group Limited (NYSE:BHP)

Passumpsic Savings Bank lifted its stake in BHP Group Limited (NYSE:BHP) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,873 shares of the mining company’s stock after acquiring an additional 325 shares during the period. Passumpsic Savings Bank’s holdings in BHP Group were worth $238,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC increased its position in BHP Group by 11.1% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 10,839 shares of the mining company’s stock valued at $673,000 after buying an additional 1,087 shares in the last quarter. Sequoia Financial Advisors LLC increased its position in BHP Group by 38.2% during the 3rd quarter. Sequoia Financial Advisors LLC now owns 38,007 shares of the mining company’s stock valued at $2,369,000 after buying an additional 10,507 shares in the last quarter. Eastern Bank acquired a new position in BHP Group during the 3rd quarter valued at about $26,000. Courier Capital LLC acquired a new position in BHP Group during the 3rd quarter valued at about $211,000. Finally, International Assets Investment Management LLC increased its position in BHP Group by 6,281.5% during the 3rd quarter. International Assets Investment Management LLC now owns 444,664 shares of the mining company’s stock valued at $276,180,000 after buying an additional 437,696 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

BHP Group Stock Performance

BHP Group stock opened at $51.42 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.40. The business’s 50-day simple moving average is $49.80 and its two-hundred day simple moving average is $53.15. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21.

Analyst Upgrades and Downgrades

BHP has been the topic of several recent analyst reports. Jefferies Financial Group reduced 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. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Three investment 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’s stock. According to MarketBeat, the stock presently has a consensus 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.