BHP Group Limited (NYSE:BHP) Shares Sold by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc lessened its stake in shares of BHP Group Limited (NYSE:BHP) by 42.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,896 shares of the mining company’s stock after selling 3,553 shares during the quarter. Marks Group Wealth Management Inc’s holdings in BHP Group were worth $239,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Eastern Bank acquired a new stake in shares of BHP Group during the third quarter valued at $26,000. Versant Capital Management Inc purchased a new position in BHP Group in the 4th quarter valued at about $40,000. Union Bancaire Privee UBP SA acquired a new stake in shares of BHP Group during the 4th quarter worth about $46,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of BHP Group during the third quarter worth about $50,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in shares of BHP Group in the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BHP. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 31st. Jefferies Financial Group decreased their price objective on BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three investment 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 has a consensus rating of “Moderate Buy” and an average price target of $53.00.

BHP Group Price Performance

BHP Group stock opened at $50.69 on Thursday. BHP Group Limited has a 1 year low of $48.06 and a 1 year 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 firm has a 50 day moving average price of $49.98 and a 200 day moving average price of $53.29.

About BHP Group

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.