D.A. Davidson & CO. Has $3.07 Million Position in BHP Group Limited (NYSE:BHP)

D.A. Davidson & CO. lessened its position in BHP Group Limited (NYSE:BHP) by 5.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,498 shares of the mining company’s stock after selling 2,998 shares during the period. D.A. Davidson & CO.’s holdings in BHP Group were worth $3,074,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Asset Dedication LLC grew its position in shares of BHP Group by 7,516.7% in the 2nd quarter. Asset Dedication LLC now owns 457 shares of the mining company’s stock valued at $26,000 after acquiring an additional 451 shares during the period. Eastern Bank bought a new position in shares of BHP Group in the 3rd quarter valued at about $26,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of BHP Group in the 2nd quarter valued at about $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of BHP Group in the 2nd quarter valued at about $27,000. Finally, Sound Income Strategies LLC grew its position in shares of BHP Group by 124.6% in the 3rd quarter. Sound Income Strategies LLC now owns 530 shares of the mining company’s stock valued at $33,000 after acquiring an additional 294 shares during the period. Institutional investors own 3.79% of the company’s stock.

BHP Group Stock Performance

Shares of BHP stock opened at $51.80 on Friday. 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 company has a 50-day simple moving average of $56.30 and a 200 day simple moving average of $56.24. BHP Group Limited has a 52 week low of $50.90 and a 52 week high of $69.11.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BHP. Sanford C. Bernstein raised shares of BHP Group from a “market perform” rating to an “outperform” rating in a research report on Monday, September 16th. Jefferies Financial Group downgraded shares of BHP Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $72.00 to $68.00 in a report on Friday, October 4th. StockNews.com raised shares of BHP Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Finally, Argus raised shares of BHP Group to a “strong-buy” rating in a report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

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.