BHP Group Limited (NYSE:BHP) Shares Purchased by Essex Financial Services Inc.

Essex Financial Services Inc. increased its position in shares of BHP Group Limited (NYSE:BHP) by 15.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 6,498 shares of the mining company’s stock after purchasing an additional 850 shares during the quarter. Essex Financial Services Inc.’s holdings in BHP Group were worth $317,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fisher Asset Management LLC raised its holdings in BHP Group by 3.0% during the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after purchasing an additional 633,290 shares during the last quarter. Wellington Management Group LLP raised its holdings in shares of BHP Group by 13.0% in the third quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after acquiring an additional 642,765 shares during the last quarter. FMR LLC raised its holdings in shares of BHP Group by 10.0% in the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after acquiring an additional 129,908 shares during the last quarter. XY Capital Ltd raised its holdings in shares of BHP Group by 503.6% in the third quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after acquiring an additional 768,972 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of BHP Group by 10.1% in the third quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after acquiring an additional 55,095 shares during the last quarter. 3.79% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on BHP. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday, January 6th. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. Three 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Up 2.4 %

BHP Group stock opened at $51.90 on Friday. The stock has a fifty day moving average price of $49.94 and a 200 day moving average price of $53.27. 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.

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.