Naples Global Advisors LLC Acquires 659 Shares of BHP Group Limited (NYSE:BHP)

Naples Global Advisors LLC lifted its holdings in BHP Group Limited (NYSE:BHP) by 13.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,502 shares of the mining company’s stock after purchasing an additional 659 shares during the quarter. Naples Global Advisors LLC’s holdings in BHP Group were worth $269,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BHP. Eastern Bank acquired a new position in BHP Group during the third quarter worth $26,000. Farmers & Merchants Investments Inc. acquired a new position in shares of BHP Group in the third quarter valued at $50,000. Versant Capital Management Inc acquired a new position in shares of BHP Group in the fourth quarter valued at $40,000. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group in the fourth quarter valued at about $46,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group in the fourth quarter valued at about $54,000. Institutional investors own 3.79% of the company’s stock.

Analysts Set New Price Targets

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

BHP Group Stock Down 0.5 %

BHP stock opened at $51.57 on Friday. The stock has a market capitalization of $130.78 billion, a P/E ratio of 11.56 and a beta of 0.95. 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 Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The firm has a 50-day moving average price of $49.93 and a 200-day moving average price of $53.26.

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.