Kovitz Investment Group Partners LLC Makes New Investment in BHP Group Limited (NYSE:BHP)

Kovitz Investment Group Partners LLC purchased a new position in BHP Group Limited (NYSE:BHP) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,435 shares of the mining company’s stock, valued at approximately $648,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Wellington Management Group LLP boosted its position in shares of BHP Group by 13.0% in the 3rd quarter. Wellington Management Group LLP now owns 5,603,624 shares of the mining company’s stock worth $348,041,000 after purchasing an additional 642,765 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of BHP Group by 6.3% in the 3rd quarter. Quantinno Capital Management LP now owns 153,383 shares of the mining company’s stock worth $9,527,000 after purchasing an additional 9,035 shares in the last quarter. Parallax Volatility Advisers L.P. bought a new stake in shares of BHP Group in the 3rd quarter worth approximately $308,000. IHT Wealth Management LLC boosted its position in shares of BHP Group by 181.1% in the 3rd quarter. IHT Wealth Management LLC now owns 16,701 shares of the mining company’s stock worth $1,039,000 after purchasing an additional 10,760 shares in the last quarter. Finally, Ingalls & Snyder LLC boosted its position in shares of BHP Group by 11.5% in the 3rd quarter. Ingalls & Snyder LLC now owns 78,969 shares of the mining company’s stock worth $4,905,000 after purchasing an additional 8,175 shares in the last quarter. 3.79% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. StockNews.com raised BHP Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 26th. Argus raised BHP Group to a “strong-buy” rating in a research report on Thursday, September 19th. Jefferies Financial Group cut BHP Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $72.00 to $68.00 in a research report on Friday, October 4th. Finally, Sanford C. Bernstein raised BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Three analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $68.00.

BHP Group Stock Down 2.1 %

NYSE BHP opened at $52.45 on Friday. The business’s fifty day moving average price is $55.15 and its 200-day moving average price is $55.78. 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 1-year low of $50.90 and a 1-year high of $69.11.

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.