BHP Group Limited (NYSE:BHP) Shares Sold by Stonegate Investment Group LLC

Stonegate Investment Group LLC reduced its position in shares of BHP Group Limited (NYSE:BHP) by 5.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,019 shares of the mining company’s stock after selling 1,991 shares during the period. Stonegate Investment Group LLC’s holdings in BHP Group were worth $1,661,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of BHP. Union Bancaire Privee UBP SA acquired a new position in shares of BHP Group in the 4th quarter valued at $46,000. Blue Trust Inc. raised its holdings in BHP Group by 46.9% in the 4th quarter. Blue Trust Inc. now owns 22,469 shares of the mining company’s stock valued at $1,097,000 after buying an additional 7,174 shares during the period. Kingswood Wealth Advisors LLC lifted its position in BHP Group by 15.2% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 4,171 shares of the mining company’s stock valued at $204,000 after buying an additional 551 shares during the last quarter. Jamison Private Wealth Management Inc. boosted its stake in BHP Group by 1.0% during the fourth quarter. Jamison Private Wealth Management Inc. now owns 80,185 shares of the mining company’s stock worth $3,915,000 after buying an additional 825 shares during the period. Finally, First Citizens Bank & Trust Co. increased its position in shares of BHP Group by 10.2% during the fourth quarter. First Citizens Bank & Trust Co. now owns 4,273 shares of the mining company’s stock valued at $209,000 after acquiring an additional 395 shares during the last quarter. 3.79% of the stock is owned by hedge funds and other institutional investors.

BHP Group Trading Up 0.0 %

Shares of BHP stock opened at $49.89 on Tuesday. BHP Group Limited has a fifty-two week low of $48.06 and a fifty-two week high of $63.21. The company has a 50 day moving average price of $50.59 and a 200 day moving average price of $53.85. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.29 and a current ratio of 1.70.

Analysts Set New Price Targets

Several brokerages have recently commented on BHP. Jefferies Financial Group decreased 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. StockNews.com lowered BHP Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 18th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $53.00.

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.