Benedict Financial Advisors Inc. Sells 372 Shares of BHP Group Limited (NYSE:BHP)

Benedict Financial Advisors Inc. cut its stake in shares of BHP Group Limited (NYSE:BHP) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 reporting period.

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

Analysts Set New Price Targets

BHP has been the topic of several recent analyst reports. Jefferies Financial Group reduced their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a research report on Monday, January 6th. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a report on Friday, January 31st. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. 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 Trading Down 0.7 %

NYSE:BHP opened at $50.36 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The stock’s 50 day simple moving average is $50.08 and its two-hundred day simple moving average is $53.37.

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.