BHP Group Limited (NYSE:BHP) Shares Bought by Hourglass Capital LLC

Hourglass Capital LLC lifted its position in shares of BHP Group Limited (NYSE:BHP) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 79,266 shares of the mining company’s stock after purchasing an additional 1,700 shares during the period. Hourglass Capital LLC’s holdings in BHP Group were worth $3,871,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Barclays PLC grew its position in shares of BHP Group by 93.7% during the third quarter. Barclays PLC now owns 226,083 shares of the mining company’s stock worth $14,042,000 after acquiring an additional 109,337 shares during the last quarter. FMR LLC boosted its stake in BHP Group by 10.0% during the 3rd quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after purchasing an additional 129,908 shares during the period. JPMorgan Chase & Co. grew its position in BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock worth $37,271,000 after purchasing an additional 55,095 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in BHP Group by 17.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 153,170 shares of the mining company’s stock valued at $9,513,000 after purchasing an additional 22,677 shares during the period. Finally, 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 valued at $57,245,000 after buying an additional 768,972 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Stock Down 0.5 %

NYSE BHP opened at $51.57 on Friday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21. The firm has a 50-day moving average price of $49.94 and a 200 day moving average price of $53.24.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. Jefferies Financial Group dropped their target price on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has given 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 price target 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.