Grove Bank & Trust Cuts Position in BHP Group Limited (NYSE:BHP)

Grove Bank & Trust lowered its stake in shares of BHP Group Limited (NYSE:BHP) by 27.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,173 shares of the mining company’s stock after selling 443 shares during the quarter. Grove Bank & Trust’s holdings in BHP Group were worth $57,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. 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 grew its stake 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 purchasing an additional 219 shares in the last quarter. Pinnacle West Asset Management Inc. grew its stake 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 purchasing an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its stake 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 purchasing an additional 263 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

NYSE BHP opened at $50.06 on Tuesday. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70. BHP Group Limited has a 1 year low of $48.06 and a 1 year high of $63.21. The company has a fifty day moving average of $50.87 and a two-hundred day moving average of $54.17.

Wall Street Analysts Forecast Growth

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. Three investment 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. Based on data from MarketBeat, BHP Group presently 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.