Freestone Capital Holdings LLC Trims Stock Position in BHP Group Limited (NYSE:BHP)

Freestone Capital Holdings LLC lowered its holdings in shares of BHP Group Limited (NYSE:BHP) by 52.2% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,392 shares of the mining company’s stock after selling 6,971 shares during the quarter. Freestone Capital Holdings LLC’s holdings in BHP Group were worth $369,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in BHP. Fisher Asset Management LLC increased its holdings in BHP Group by 3.1% in the 4th quarter. Fisher Asset Management LLC now owns 19,902,182 shares of the mining company’s stock worth $1,359,518,000 after acquiring an additional 589,317 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in BHP Group by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,430,056 shares of the mining company’s stock worth $302,625,000 after acquiring an additional 168,875 shares in the last quarter. Wellington Management Group LLP increased its holdings in BHP Group by 46.6% in the 4th quarter. Wellington Management Group LLP now owns 4,389,504 shares of the mining company’s stock worth $299,847,000 after acquiring an additional 1,395,940 shares in the last quarter. Norges Bank purchased a new stake in BHP Group in the 4th quarter worth approximately $191,837,000. Finally, Westwood Global Investments LLC increased its holdings in BHP Group by 15.6% in the 4th quarter. Westwood Global Investments LLC now owns 1,154,297 shares of the mining company’s stock worth $78,850,000 after acquiring an additional 155,425 shares in the last quarter. Hedge funds and other institutional investors own 3.79% of the company’s stock.

BHP Group Stock Up 1.1 %

BHP stock traded up $0.59 during midday trading on Friday, hitting $55.38. The company’s stock had a trading volume of 1,847,005 shares, compared to its average volume of 1,894,932. BHP Group Limited has a 12 month low of $54.21 and a 12 month high of $69.11. The company has a current ratio of 1.57, a quick ratio of 1.22 and a debt-to-equity ratio of 0.43. The company has a 50 day moving average of $57.85 and a two-hundred day moving average of $58.49.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays restated an “equal weight” rating on shares of BHP Group in a research note on Thursday, May 30th. Citigroup assumed coverage on BHP Group in a research note on Friday, May 31st. They issued a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $50.00.

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.