Clarius Group LLC lowered its holdings in BHP Group Limited (NYSE:BHP – Free Report) by 24.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,897 shares of the mining company’s stock after selling 1,920 shares during the period. Clarius Group LLC’s holdings in BHP Group were worth $288,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the business. Bleakley Financial Group LLC raised its position in BHP Group by 4.1% in the third quarter. Bleakley Financial Group LLC now owns 5,101 shares of the mining company’s stock valued at $317,000 after purchasing an additional 203 shares during the period. Huntington National Bank grew its stake in shares of BHP Group by 17.5% in the third quarter. Huntington National Bank now owns 1,365 shares of the mining company’s stock valued at $85,000 after buying an additional 203 shares in the last quarter. Essex Savings Bank raised its holdings in shares of BHP Group by 3.0% during the 4th quarter. Essex Savings Bank now owns 7,483 shares of the mining company’s stock valued at $365,000 after buying an additional 219 shares during the period. Pinnacle West Asset Management Inc. lifted its position in BHP Group by 2.8% during the 3rd quarter. Pinnacle West Asset Management Inc. now owns 8,150 shares of the mining company’s stock worth $506,000 after acquiring an additional 225 shares in the last quarter. Finally, First Horizon Advisors Inc. boosted its holdings in BHP Group by 4.6% in the 3rd quarter. First Horizon Advisors Inc. now owns 6,012 shares of the mining company’s stock worth $373,000 after acquiring an additional 263 shares during the period. Hedge funds and other institutional investors own 3.79% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on BHP shares. StockNews.com cut shares of BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Jefferies Financial Group cut their price objective on shares of BHP Group from $57.00 to $53.00 and set a “hold” rating on the stock in a report on Monday, January 6th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.00.
BHP Group Price Performance
Shares of BHP opened at $50.06 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The business’s 50 day moving average is $50.87 and its two-hundred day moving average is $54.21. BHP Group Limited has a 52-week low of $48.06 and a 52-week high of $63.21.
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.
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