Portfolio Design Labs LLC Invests $231,000 in BHP Group Limited (NYSE:BHP)

Portfolio Design Labs LLC purchased a new stake in shares of BHP Group Limited (NYSE:BHP) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 4,724 shares of the mining company’s stock, valued at approximately $231,000.

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

BHP Group Price Performance

Shares of BHP opened at $50.69 on Thursday. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.70 and a quick ratio of 1.29. BHP Group Limited has a 12 month low of $48.06 and a 12 month high of $63.21. The stock’s 50 day moving average is $49.98 and its two-hundred day moving average is $53.29.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on BHP. StockNews.com cut BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. Jefferies Financial Group reduced their price target on BHP Group from $57.00 to $53.00 and set a “hold” rating for the company in a research report on Monday, January 6th. 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 stock. According to data from MarketBeat.com, the company currently 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.