Lincoln National Corp reduced its stake in BHP Group Limited (NYSE:BHP – Free Report) by 28.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,209 shares of the mining company’s stock after selling 3,739 shares during the quarter. Lincoln National Corp’s holdings in BHP Group were worth $524,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Knights of Columbus Asset Advisors LLC lifted its stake in BHP Group by 4.0% during the second quarter. Knights of Columbus Asset Advisors LLC now owns 4,473 shares of the mining company’s stock worth $267,000 after purchasing an additional 172 shares in the last quarter. Private Advisor Group LLC boosted its holdings in BHP Group by 1.6% during the 2nd quarter. Private Advisor Group LLC now owns 11,007 shares of the mining company’s stock valued at $672,000 after acquiring an additional 178 shares during the period. Yousif Capital Management LLC grew its position in BHP Group by 0.4% in the 2nd quarter. Yousif Capital Management LLC now owns 42,666 shares of the mining company’s stock valued at $2,546,000 after acquiring an additional 181 shares in the last quarter. Allworth Financial LP increased its stake in BHP Group by 17.8% during the second quarter. Allworth Financial LP now owns 1,237 shares of the mining company’s stock worth $74,000 after purchasing an additional 187 shares during the period. Finally, Forum Financial Management LP lifted its position in shares of BHP Group by 0.7% during the second quarter. Forum Financial Management LP now owns 29,398 shares of the mining company’s stock worth $1,754,000 after purchasing an additional 198 shares in the last quarter.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on BHP. StockNews.com downgraded shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research note on Sunday, October 29th. UBS Group upgraded shares of BHP Group from a “sell” rating to a “neutral” rating in a research note on Thursday, October 5th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $1,833.33.
BHP Group Stock Performance
Shares of NYSE:BHP opened at $61.78 on Wednesday. BHP Group Limited has a fifty-two week low of $54.28 and a fifty-two week high of $70.44. The firm’s 50 day moving average price is $63.88 and its 200 day moving average price is $60.08. The company has a quick ratio of 0.95, a current ratio of 1.23 and a debt-to-equity ratio of 0.31.
About BHP Group
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, silver, zinc, molybdenum, uranium, gold, iron ore, and metallurgical and energy coal.
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