Petredis Investment Advisors LLC Cuts Position in BHP Group Limited (NYSE:BHP)

Petredis Investment Advisors LLC decreased its position in BHP Group Limited (NYSE:BHP) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 64,697 shares of the mining company’s stock after selling 694 shares during the quarter. Petredis Investment Advisors LLC’s holdings in BHP Group were worth $3,159,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC increased its position in shares of BHP Group by 4.1% during the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock worth $317,000 after acquiring an additional 203 shares during the period. Huntington National Bank increased its position in shares of BHP Group by 17.5% during the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock worth $85,000 after acquiring an additional 203 shares during the period. Essex Savings Bank increased its position in shares of BHP Group by 3.0% during the fourth quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock worth $365,000 after acquiring an additional 219 shares during the period. Pinnacle West Asset Management Inc. increased its position in shares of BHP Group by 2.8% during the third quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock worth $506,000 after acquiring an additional 225 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of BHP Group by 4.6% during the third quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after acquiring an additional 263 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Trading Up 0.8 %

Shares of BHP stock opened at $49.88 on Friday. The company has a current ratio of 1.70, a quick ratio of 1.29 and a debt-to-equity ratio of 0.38. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The firm has a fifty day moving average price of $50.63 and a 200 day moving average price of $53.97.

Analyst Ratings Changes

A number of brokerages recently commented on BHP. Jefferies Financial Group lowered their target price 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, January 18th. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, BHP Group currently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

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.