Strong Tower Advisory Services Grows Position in BHP Group Limited (NYSE:BHP)

Strong Tower Advisory Services grew its stake in BHP Group Limited (NYSE:BHP) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,321 shares of the mining company’s stock after acquiring an additional 2,601 shares during the quarter. Strong Tower Advisory Services’ holdings in BHP Group were worth $1,627,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Fisher Asset Management LLC grew its stake in BHP Group by 3.0% in the 3rd quarter. Fisher Asset Management LLC now owns 21,944,876 shares of the mining company’s stock worth $1,362,996,000 after acquiring an additional 633,290 shares during the period. Wellington Management Group LLP grew its position 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 valued at $348,041,000 after purchasing an additional 642,765 shares during the period. Bank of Montreal Can increased its stake 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 last quarter. FMR LLC lifted its position in BHP Group by 10.0% during the third quarter. FMR LLC now owns 1,434,417 shares of the mining company’s stock worth $89,092,000 after buying an additional 129,908 shares during the period. Finally, XY Capital Ltd boosted its stake in BHP Group by 503.6% in the 3rd quarter. XY Capital Ltd now owns 921,666 shares of the mining company’s stock worth $57,245,000 after buying an additional 768,972 shares during the last quarter. Institutional investors and hedge funds own 3.79% of the company’s stock.

BHP Group Price Performance

Shares of NYSE:BHP opened at $50.06 on Monday. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. The business has a 50-day moving average of $50.87 and a two-hundred day moving average of $54.21.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on BHP shares. Jefferies Financial Group dropped 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 note on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus 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.