J2 Capital Management Inc Takes $223,000 Position in BHP Group Limited (NYSE:BHP)

J2 Capital Management Inc purchased a new stake in shares of BHP Group Limited (NYSE:BHP) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 4,576 shares of the mining company’s stock, valued at approximately $223,000.

A number of other large investors have also recently added to or reduced their stakes in BHP. Bank of Montreal Can raised its position in BHP Group by 532.2% in the second quarter. Bank of Montreal Can now owns 2,353,268 shares of the mining company’s stock valued at $134,442,000 after purchasing an additional 1,981,008 shares during the period. XY Capital Ltd increased its position in shares of BHP Group by 503.6% during the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after purchasing an additional 768,972 shares during the last quarter. Wellington Management Group LLP raised its holdings in BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock valued at $348,041,000 after buying an additional 642,765 shares during the period. Fisher Asset Management LLC lifted its position in BHP Group by 3.0% in the third quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock valued at $1,362,996,000 after buying an additional 633,290 shares during the last quarter. Finally, Mediolanum International Funds Ltd purchased a new position in BHP Group during the third quarter worth about $33,458,000. 3.79% of the stock is currently owned by institutional investors and hedge funds.

BHP Group Trading Up 1.0 %

Shares of BHP opened at $50.06 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. The company’s 50-day simple moving average is $50.87 and its 200-day simple moving average is $54.24. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on BHP shares. Jefferies Financial Group reduced 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. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Three equities 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 company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group 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.