Ridgewood Investments LLC Grows Stake in BHP Group Limited (NYSE:BHP)

Ridgewood Investments LLC increased its holdings in shares of BHP Group Limited (NYSE:BHP) by 136.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,018 shares of the mining company’s stock after acquiring an additional 2,895 shares during the period. Ridgewood Investments LLC’s holdings in BHP Group were worth $245,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Range Financial Group LLC purchased a new stake in shares of BHP Group during the fourth quarter worth about $1,301,000. Versant Capital Management Inc purchased a new position in BHP Group during the 4th quarter valued at approximately $40,000. JPMorgan Chase & Co. grew its holdings in BHP Group by 10.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 600,086 shares of the mining company’s stock valued at $37,271,000 after buying an additional 55,095 shares in the last quarter. Franklin Resources Inc. grew its holdings in BHP Group by 17.4% during the 3rd quarter. Franklin Resources Inc. now owns 316,454 shares of the mining company’s stock valued at $18,807,000 after buying an additional 46,791 shares in the last quarter. Finally, Peapack Gladstone Financial Corp grew its holdings in BHP Group by 13.0% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 59,502 shares of the mining company’s stock valued at $3,695,000 after buying an additional 6,863 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on BHP shares. Jefferies Financial Group cut their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a report on Monday. Sanford C. Bernstein upgraded BHP Group from a “market perform” rating to an “outperform” rating in a report on Monday, September 16th. Argus upgraded BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Finally, StockNews.com upgraded BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 26th. Three investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $53.00.

BHP Group Stock Down 0.3 %

NYSE BHP traded down $0.16 on Friday, reaching $48.56. 1,080,997 shares of the stock traded hands, compared to its average volume of 2,228,244. 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 company has a fifty day moving average price of $51.68 and a 200-day moving average price of $54.55. The company has a market cap of $123.14 billion, a price-to-earnings ratio of 10.51 and a beta of 0.95. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $64.04.

BHP Group Company 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.