Benedict Financial Advisors Inc. Reduces Position in BHP Group Limited (NYSE:BHP)

Benedict Financial Advisors Inc. lessened its holdings in shares of BHP Group Limited (NYSE:BHP) by 4.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 8,027 shares of the mining company’s stock after selling 372 shares during the quarter. Benedict Financial Advisors Inc.’s holdings in BHP Group were worth $392,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Eastern Bank purchased a new position in BHP Group during the 3rd quarter valued at $26,000. Sound Income Strategies LLC boosted its position in BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after buying an additional 294 shares during the period. Versant Capital Management Inc bought a new position in BHP Group in the 4th quarter worth about $40,000. Union Bancaire Privee UBP SA purchased a new position in shares of BHP Group during the fourth quarter worth approximately $46,000. Finally, Farmers & Merchants Investments Inc. bought a new stake in shares of BHP Group during the third quarter valued at approximately $50,000. Institutional investors own 3.79% of the company’s stock.

BHP Group Trading Down 0.7 %

BHP opened at $50.36 on Friday. The business’s 50-day moving average is $50.08 and its two-hundred day moving average is $53.37. BHP Group Limited has a 1 year low of $48.06 and a 1 year 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.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Jefferies Financial Group dropped their price objective on 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 note on Friday, January 31st. Three equities research 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 stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price 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.