FACTORIAL MANAGEMENT Ltd Has $1.09 Million Stake in BHP Group PLC (NYSE:BBL)

FACTORIAL MANAGEMENT Ltd lifted its holdings in BHP Group PLC (NYSE:BBL) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,200 shares of the mining company’s stock after acquiring an additional 2,200 shares during the period. BHP Group makes up approximately 47.7% of FACTORIAL MANAGEMENT Ltd’s portfolio, making the stock its 2nd biggest position. FACTORIAL MANAGEMENT Ltd’s holdings in BHP Group were worth $1,090,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Luminus Management LLC grew its stake in shares of BHP Group by 125.2% in the 2nd quarter. Luminus Management LLC now owns 634,534 shares of the mining company’s stock valued at $32,431,000 after buying an additional 352,732 shares during the period. Fisher Asset Management LLC boosted its stake in BHP Group by 5.6% during the 3rd quarter. Fisher Asset Management LLC now owns 5,678,451 shares of the mining company’s stock valued at $243,265,000 after purchasing an additional 299,077 shares during the last quarter. Nomura Holdings Inc. acquired a new position in BHP Group during the 3rd quarter valued at about $7,546,000. Cowen Inc. acquired a new position in BHP Group during the 2nd quarter valued at about $4,644,000. Finally, FNY Investment Advisers LLC boosted its stake in BHP Group by 3,985.6% during the 4th quarter. FNY Investment Advisers LLC now owns 59,282 shares of the mining company’s stock valued at $2,786,000 after purchasing an additional 57,831 shares during the last quarter. 4.33% of the stock is owned by hedge funds and other institutional investors.

NYSE:BBL opened at $47.38 on Wednesday. The company has a quick ratio of 1.58, a current ratio of 1.89 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $46.65 and its 200 day moving average is $44.99. BHP Group PLC has a 12 month low of $40.49 and a 12 month high of $51.87.

A number of research firms have issued reports on BBL. UBS Group reiterated a “neutral” rating on shares of BHP Group in a research note on Wednesday, October 9th. ValuEngine downgraded BHP Group from a “hold” rating to a “sell” rating in a research note on Friday, January 10th. Zacks Investment Research upgraded BHP Group from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada upgraded BHP Group from a “sector perform” rating to an “outperform” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. BHP Group has a consensus rating of “Hold” and a consensus target price of $52.00.

BHP Group Profile

BHP Group discovers, acquires, develops, and markets natural resources worldwide. The company engages in the exploration, development, and production of oil and gas properties; and mining of copper, silver, lead, zinc, molybdenum, uranium, gold, and iron ores, as well as metallurgical and energy coal.

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Institutional Ownership by Quarter for BHP Group (NYSE:BBL)

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